Retail in Asia

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Japanese department store chain to open 1st branch in Thailand

Takashimaya, a 185-year-old Japanese department store chain, will open its first branch in Thailand in Iconsiam, a premium shopping-cum-residential project on the Chao Phraya River, in 2017.

Takashimaya Singapore and the mega-development owner Iconsiam Co will set up a joint venture, Siam Takashimaya (Thailand), with THB1.2 billion (USD37.1 million) in registered capital, to operate the store.

The joint venture will be 51 percent owned by Takashimaya and 49 percent by Iconsiam Co.
 

(Source: Bangkok Post)