Crown Shoe Co., Ltd.

Crown Shoe Co., Ltd. (クラウン製靴株式会社) was a Japanese manufacturer of high-grade leather shoes headquartered in Nagoya, Aichi Prefecture. Founded in 1958, the company built a reputation in the Japanese premium footwear market and at its peak recorded annual sales of approximately 3.9 billion yen in the fiscal year ending May 2006. It operated retail stores and held licensing rights for several fashion footwear and apparel brands, including KATHARINE HAMNETT LONDON, LANVIN COLLECTION, LANVIN en Bleu, and CASTELBAJAC. The company's fortunes declined in the 2010s. The Great East Japan Earthquake of 2011 damaged its store in Sendai, and losses from the cancellation of derivatives led to a special loss of more than 75 million yen in the fiscal year ending May 2011. A critical blow came when its leather supplier and shareholder, Kushihara, filed for bankruptcy on February 8, 2013, halting material supply and damaging Crown Shoe's creditworthiness. A planned bank loan to cover bill settlement funds was refused on the day it was to be executed, forcing the old company to file for civil rehabilitation (民事再生法) with the Tokyo District Court on February 22, 2013, with liabilities of 3.67 billion yen. Madras Co., Ltd. was selected as the civil rehabilitation sponsor. Madras established a new company, Crown Shoe Co., Ltd. (新社), on July 31, 2013, and the new company took over the old company's business on August 29, 2013. The new company's registered head office was placed in Mizuho Ward, Nagoya, the same as Madras, while its operational headquarters was initially inside Madras's Tokyo branch and later moved to Naka Ward, Nagoya. The president of Madras concurrently served as president of the new Crown Shoe. The old company's headquarters in Chofu, Tokyo, continued as the Chofu office of the new company. On August 1, 2021, the new Crown Shoe was absorbed into its parent company Madras and dissolved. The brands KATHARINE HAMNETT LONDON, LANVIN COLLECTION, LANVIN en Bleu, and CASTELBAJAC continued as Madras brands. The former official website at crown-shoe.co.jp now redirects visitors to the Madras website, informing them of the merger and the change of address.

Crown Shoe Co., Ltd. was founded in 1958 as a manufacturer of high-grade leather shoes in Japan. The company established its headquarters in Nagoya, Aichi Prefecture, and operated retail stores across Japan. By the fiscal year ending May 2006, it had achieved annual sales of approximately 3.9 billion yen. The company held licensing agreements for several international fashion brands, producing and retailing footwear and apparel under names such as KATHARINE HAMNETT LONDON, LANVIN COLLECTION, LANVIN en Bleu, and CASTELBAJAC. In the 2010s, the company faced a series of financial setbacks. The Great East Japan Earthquake in March 2011 damaged its store in Sendai. In the fiscal year ending May 2011, the company recorded a special loss of over 75 million yen due to the cancellation of derivatives. A more severe crisis occurred when Kushihara, a leather material supplier and shareholder, filed for bankruptcy proceedings on February 8, 2013. This halted the supply of leather materials and simultaneously damaged the creditworthiness of the old company. The company had arranged to borrow funds from a financial institution to cover bill settlement, but on the day the loan was to be executed, the financial institution refused. As a result, on February 22, 2013, the old company filed for civil rehabilitation (民事再生法) with the Tokyo District Court. Its liabilities totaled 3.67 billion yen. Madras Co., Ltd. was selected as the civil rehabilitation sponsor. Madras established a new company, Crown Shoe Co., Ltd. (新社), on July 31, 2013, and the new company acquired the business from the old company on August 29, 2013. The new company's registered head office was located in Mizuho Ward, Nagoya, the same as Madras. Its operational headquarters was initially placed within Madras's Tokyo branch and later relocated to Naka Ward, Nagoya. The president of Madras also served as president of the new Crown Shoe. The old company's headquarters in Chofu, Tokyo, remained as the Chofu office of the new company. On August 1, 2021, the new Crown Shoe was absorbed into its parent company Madras and dissolved. The brands KATHARINE HAMNETT LONDON, LANVIN COLLECTION, LANVIN en Bleu, and CASTELBAJAC continued as Madras brands. The official website at crown-shoe.co.jp now redirects to the Madras website, with a notice informing visitors of the merger and the change of address.

• 2021

  New Crown Shoe absorbed into parent Madras on August 1 and dissolved.

• 2013

  Supplier and shareholder Kushihara files for bankruptcy on February 8; old company files for civil rehabilitation on February 22 with liabilities of 3.67 billion yen.

• 2013

  Madras establishes new Crown Shoe Co., Ltd. on July 31; new company takes over business on August 29.

• 2011

  Great East Japan Earthquake damages Sendai store; special loss of over 75 million yen from derivatives cancellation recorded for fiscal year ending May 2011.

• 2006

  Annual sales reach approximately 3.9 billion yen for the fiscal year ending May 2006.

• 1958

  Crown Shoe Co., Ltd. founded.

Premium leather footwear manufacturer and licensed fashion brand retailer in Japan.

• KATHARINE HAMNETT LONDON

• LANVIN COLLECTION

• LANVIN en Bleu

• CASTELBAJAC

1. 1ホームページアドレス（URL）変更のお知らせcrown-shoe.co.jp
2. 2クラウン製靴 - Wikipediaja.wikipedia.org
3. 3Crown Shoe - Wikidatawikidata.org