// Belstaff to withdraw from its Japan market
// British luxury retailer will close down six Japanese stores by July
// Belstaff’s Japanese subsidiary will be dissolved by September
Belstaff is slated to end its operations in Japan by September this year.
The British luxury fashion retailer is planning to close down its six stores by the end of July, and then dissolve its Japanese subsidiary by September.
Belstaff Japan KK was established in 2015 and is 100 per cent owned by the Belstaff in the UK.
It opened its Japanese store in March 2016.
Belstaff’s exit from Japan means Belstaff Japan KK will no longer be responsible for direct sales and distribution in the far-east Asian country.
However, Japanese retailers can still sell Belstaff clothing directly from its UK base.
It comes as Belstaff halts its international retail expansion, and focuses on developing its wholesale distribution channel in Italy and wholesale retail and ecommerce in the US.