Japanese chocolatier Royce closing South Korea stores
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Japanese chocolatier Royce is shuttering its operations in South Korea.
The brand’s local retailer Royce’ Confect Korea said in an announcement last Wednesday that it will close all nine of its locations in the territory, including five shops in Seoul.
The closures will be completed by the end of next month.
Sales for the brand’s chocolates have sharply declined in recent months and were strongly affected by a recent general boycott of Japanese products in the country.
A company statement read: “Thank you very much for loving Royce’ chocolate. We will try our best to the very end with the best possible services”.
Questions & Answers
Q.Which entity is responsible for closing the Royce stores in South Korea?
Which entity is responsible for closing the Royce stores in South Korea?
Royce’ Confect Korea, the local retailer for the Japanese chocolatier, announced the closure of all nine locations. This decision was conveyed to the public last Wednesday.
Q.What reason has been given for the decision to close the stores?
What reason has been given for the decision to close the stores?
Sales for Royce chocolates have fallen sharply in recent months. This decline was significantly impacted by a recent general boycott of Japanese products in South Korea.
Q.When are all of Royce's South Korean stores expected to be closed?
When are all of Royce's South Korean stores expected to be closed?
All nine Royce locations, including the five shops in Seoul, are scheduled to complete their closures. This process is expected to be finished by the end of next month.
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