Godiva Japan mulls sponsorship amid poor sales, soaring raw material costs

TOKYO - Godiva Japan Inc. is considering restructuring its business by securing sponsorship as the Japanese branch of the premium chocolatier continues to struggle with poor sales since the COVID-19 pandemic, sources familiar with the matter said Friday.

In its restructuring plans, the chocolatier -- which has been hit by soaring cacao bean and labor costs -- may also reassign employees and look for ways to ease procurement costs, according to the sources.