MBK Partners will sell Godiva Japan after lenders agreed to extend approximately ¥75bn ($463m) of loans by nine months, according to Bloomberg sources. The extension provides breathing room for the troubled chocolate retailer as it seeks new ownership and capital. Without this deal, cash pressures would have intensified by late July, forcing resolution before month-end.

MUFG will inject an additional ¥5bn in super-senior loans, ranking ahead of existing debt. Godiva Japan's borrowings totaled ¥75bn at December 2025, split between ¥60.5bn senior loans and ¥14bn mezzanine debt. MUFG holds ¥25bn of the senior tranche while SMBC holds ¥19bn. These figures reveal the scale of restructuring needed for the business to stabilize.

The company posted a ¥30bn net loss for the year ended December 2025. Godiva Japan's troubles stem from familiar pandemic-era issues: sales collapsed after MBK's acquisition, and subsequent expansion attempts failed to restore profitability. The business now carries debt it cannot service comfortably.

The nine-month extension lets lenders evaluate February trading during peak Valentine's Day chocolate demand. For MBK, this sale attempt closes a challenging investment chapter, transferring the asset to fresh ownership before the deadline expires.