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"its owner" is correct and usable in written English.
You can use it when you want to refer to the owner of a particular object, idea, event, company, etc. For example: "The dog barked as its owner approached the gate."
Exact(58)
In January its owner closed it.
Occasionally something makes it back to its owner.
Each establishment was as good as its owner made it.
A bond pays its owner interest until it reaches maturity.
Is it showing loyalty to its owner by doing that?
It's as unyielding as its owner.
Its owner left to answer it.
"It's brand recognition," said its owner, Jon Singer.
It's only as good as its owner.
It was believed to bring luck to its owner.
Its owner notices at once, and tells it to behave.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com