Home / Knowledge / News / Apparel/Garments / Japanese apparel firm to set up stores in China
Japanese apparel firm to set up stores in China
Jul '10
Struggling Japan-based garment manufacturer, Renown Inc. said next week it will get in to a joint venture with key Chinese textile company, Shandong Ruyi Science & Technology Group Co and thereby, launch over 2,000 stores in China in the next 10 years.

This venture with Chinese firm is likely to turn in to Renown's key shareholder and will be set up in February 2011. Renown will then take over stakes of 50 percent or more.

Minoru Kitabatake, President of Renown said that, they were optimistic about launching so many stores, especially citing the market size in China, which is bigger than that of Japan, more so, China's middle-income segment is likely to rise.

The joint venture will handle apparels from Renown's four key brands, with an aim of achieving sales of over 100 billion yen, via approximately 2,000 stores and also trade the garments in other Asian nations as well.

In its revenue report, for the period March – May, which was released early this week, Renown, which is as of now undergoing corporate analysis, had entered an operating profit of 1.32 billion yen on sales of 17.34 billion yen, both of which are around fifty percent of the respective amounts, registered in the same quarter last year.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search