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

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.The company is considering accepting investments from sponsors to strengthen its financial base, the sources said.Godiva Japan declined to comment…READ FULL ARTICLE