×
204
Fashion Jobs
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
By
Reuters
Published
Oct 7, 2008
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Japan's Renown says may sell Britain's Aquascutum

By
Reuters
Published
Oct 7, 2008

TOKYO, Oct 7 (Reuters) - Japanese apparel maker Renown Inc said on Tuesday it may sell British clothier Aquascutum as part of restructuring that could also include it selling its offices and a distribution centre in its home country. Shares in Renown fell more than 16 percent after a local newspaper reported that the company would sell 155-year-old British raincoat maker Aquascutum by February.


www.Aquascutum.com

Renown spokesman Koji Ito said the company was considering ways to turn around its operations as it expected a third straight year of losses this business year to February.

He added that Renown planned to close 16 loss-making brands this business year. Renown had 62 brands at the end of last February, 23 of which were in the red.

Renown's move to reduce its operations contrasts with bigger rival Onward Holdings . Onward announced two acquisitions last month, including that of unlisted Violine, a holding firm that has the Jil Sander luxury brand under its wing.

The Nikkei business daily reported that Renown aims to retain the right to produce goods under the Aquascutum brand even after selling its stake.

Aquascutum has positioned itself alongside other heritage-rich British rivals trawling the luxury fashion market such as Burberry and Jaeger. Renown bought Aquascutum in 1990 for about 20 billion yen.

The paper also said Renown would sell its headquarters in Tokyo, an office building in Osaka and other real estate, adding that the sales were likely to bring in tens of billions of yen in total, which it would use for its outstanding debt.

The paper said Renown aimed to lay off about 30 percent of its full-time staff and about 25 percent of its designers and other temporary employees.

Renown shares fell 16.1 percent to 172 yen by midday, against a 3.1 percent drop in the Nikkei average .N225. (Reporting by Sachi Izumi; Editing by Hugh Lawson)

© Thomson Reuters 2022 All rights reserved.