#Hershey withdraws and closes stores in China# [Online flagship store has been terminated Tianyan check shows that Hershey China company has been liquidated]
According to Beijing Business Daily, recently, the hershey (China) Hershey (China) Investment Management Co., Ltd. online store has been terminated. Its Tmall flagship store has been terminated, and many products in its Jingdong self-operated store are out of stock. Internal employees revealed that Hershey has withdrawn its stores in various parts of the Chinese market.
According to the Tianyancha App, Hershey (China) Investment Management Co., Ltd. has been liquidated in November 2021. The company was founded in April 2001 with ROHIT GROVER as its legal representative, with a registered capital of approximately US$840 million, and is wholly owned by Hershey International LLC. According to the risk information, the company is related to more than ten litigation cases, involving disputes over sales contracts and disputes over sales agency contracts.
According to internal Hershey China employees, Hershey's company in Shanghai has begun to lay off employees since 2020, and in May 2021, Hershey suddenly sent a letter informing Hershey's dessert shop that it was asking to terminate the contract. At the same time, in the handling of the remaining problems of the channel, Hershey has disputes with a number of agent dealers. At present, Hershey has withdrawn its cabinets and closed stores in various parts offline.
In addition, ROHIT GROVER is also associated with two other companies, namely Hershey (Shanghai) Food R&D Co., Ltd. and Hershey Commercial (Shanghai) Co., Ltd. It is worth mentioning that Hershey (Shanghai) Food R&D Co., Ltd. has been liquidated in March 2021, and Hershey Commercial (Shanghai) Co., Ltd. has been deregistered in December 2021.
