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July 19, 2010

CHINA: Renown plans 2,000 stores under Shandong Ruyi deal

Struggling Japanese apparel maker Renown Inc is planning to open at least 2,000 shops in China over the next decade after selling a controlling stake in its business to Chinese textile firm Shandong Ruyi Science & Technology Group Co.

Struggling Japanese apparel maker Renown Inc is planning to open at least 2,000 shops in China over the next decade after selling a controlling stake in its business to Chinese textile firm Shandong Ruyi Science & Technology Group Co.

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