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China's COVID restrictions push Japanese eyewear chain to exit

Struggling Aigan cuts losses, seeing no path to profitability

An Aigan eyewear store in Japan. The chain opened up shop in China in 1994. (Photo by Shoichi Obuchi)

OSAKA -- Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit, the company said Monday.

Already-weak earnings in China have been squeezed further by coronavirus-related disruptions that forced temporary store closures.

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