Business Chief APAC+ANZ Magazine July 2018 | Page 70

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SUNGJOO D & D INC

Overall , Sungjoo D & D Inc ranked 62nd on Deloitte ’ s global list , with a recorded revenue of $ 499mn according to the consultancy firm . Based in South Korea , the company owns the luxury MCM brand which it purchased in 2005 . MCM , also known as Modern Creation München , is a leather goods brand which was founded in 1976 in Munich , Germany . The brand operates through over 300 stores in 35 countries , as well as distributing to over 200 retailers . www . sungjoogroup . com

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RENOWN INCORPORATED

Renown Incorporated owns the luxury brands C ’ est Privee , D ’ Urban and Intermezzo . Based in Japan , Deloitte places the company ’ s recorded revenue at $ 590mn , ranking 58th on the global list . The company dates back to 1902 and states that its development as a group “ mirrors that of the Japanese fashion industry itself ”. The company also owns a directly-managed retail store business , Jib Retailing Inc , which it established in 2014 . www . renown . com www . d-urban . com JULY 2018