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Wednesday, February 17, 2010

Another Brand Escapes from Renown

Leilian, the latest brand to leave Renown Corporation, is now the latest brand to join Itochu Fashion System Co. Ltd. Like Rebecca Taylor before it, Leilian joined Itochu Fashion System Co. Ltd., on 15 January 2010. For Leilian, a Japanese brand specializing in women's RTW & ACC, being sold to Itochu Fashion System Co. Ltd., will give it much needed investment and allow it to expand the brand in Japan with new store openings. The sale of Leilian by Renown will bring Renown one step closer to the dissolution of their apparel subsidiary which will be completely liquidated by 28 February 2010.

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