Task: Explanation
Input (English): Kim Sung-joo (Hangul: 김성주; Sungjoo Kim, born 1956, Daegu, Korea) – Founder, Chairperson and Chief Visionary Officer of Sungjoo Group (founded 1990) and MCM Holding AG. In 2005 Sungjoo Group acquired MCM Holding AG, a German luxury fashion brand founded in Munich in 1976. Question: Kim Sung-joo bought out what leather luxury goods brand founded by Michael Cromer? Answer: MCM Worldwide
Output (English):  In 2005 Sungjoo Group acquired MCM Holding AG, a German luxury fashion brand founded in Munich in 1976.