Belstaff Japan to be wound down
The British luxury fashion retailer has six stores trading in the market, which it entered back in 2015 via a wholly owned subsidiary, opening its first store in March 2016.
While the brand is making its direct exit, Belstaff Japan customers will still be able to buy its goods from authorised retailers, supplied from the UK head office.
Belstaff has previously announced it is shifting its focus to selling online in the US and developing a wholesale distribution channel in Italy. The returns from the Belstaff Japan business were insufficient to continue to operate there.
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