Apparel maker Renown to come under wing of China's Shandong Ruyi

TOKYO, Japan - Minoru Kitabatake (R), president of struggling Japanese apparel maker Renown Inc., attends a news conference in Tokyo on May 24, 2010, during which he announced that the company will form a business and capital alliance with Chinese textile firm Shandong Ruyi, and come under its wing. Renown will be one of the latest cases of Japanese companies to be acquired by a Chinese company. (Kyodo)

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2010/5/24 00:00:00

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Kyodo / Kyodo News Images

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