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On May 15, 2020, Renown filed for bankruptcy after it struggled to collect substantial debts owed to them by their Chinese owner and the COVID-19 pandemic hit sales sharply.[1][2]
Renown is perhaps best known outside of their home country for having sponsored Mazda from the late 1980s to the early 1990s, with their branding (as well as that of their sportswear brand, Charge) appearing on the 1991 Le Mans-winning Mazda 787B.