And I have no idea where the information about shutting the Labs down (in that particular context) came from.
From the official website:
https://skullgirls.com/world/
"After losing his wife to the Skull Heart and the Grand War, King Renoir found himself with a stronger conscience. Despite the continuing need for the Labs in the fight against the Skullgirls, the King moved to decommission their experiments. Once he himself disappeared, however, it was restarted in secret and the lack of official oversight has allowed the Labs’ scientists to perform increasingly questionable experiments."
I wonder what more we can learn of the Renoir family after Parasoul's story and SGM story. I wonder if Franz isn't as dead as we are lead to believe. Or perhaps Umbrella's ties to the Skull Heart are a bit deeper than we know...
I mean if you look at the actual wording:
"Umbrella learns the grim reality of the Renoir Royal Family..."
It doesn't necessarily mean that we, the audience, will learn new things about the Renoirs. Umbrella has led a pretty sheltered life and I don't think she has been told the full reality of her father's role in the Grand War, her mother turning into the Skullgirl (as seen in Para's SGM origin story), or Canopy Kingdom's atrocities and oppression of some of its citizens.
I think her story will involve her actually venturing out into the world and meeting people and characters that will tell her things that would make her face the reality of her family's legacy. There will probably be some lore drops that will be new to us, but there are a lot of things we know about the Renoirs that Umbrella doesn't know yet.
IIRC Franz isn't "dead"-- he survived Nancy's attack and managed to shut down the Anti-Skullgirl Labs before vanishing off the face of the earth.
While he did survive the fight against Nancy, and came back long enough to shut down the Labs, it's unclear if he has since died after he disappeared. I'm one of the people leaning towards him still being alive, but it's really not confirmed and Alex did specifically say that it's (supposed to be) ambiguous, so we'll just have to wait to see.