Marché International — which fronts Marché and Mövenpick Café in Toronto — has announced its withdrawal from the Canadian market.

After ten years in the industry, the gastronomy company says it’s leaving the country is for economic reasons.

The company is expected to close its Toronto restaurants — located at Brookfield Place Street and Concourse Level — at the end of May.

Employees have received notice of the closure and termination of their employment, the company said, in compliance with its legal obligations.

In the future, the company will focus on its airport and leisure hospitality business in Europe.