Retail in Asia

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Thai department store to open flagship outlet in Jakarta

Thailand’s Central Retail Corporation will open its first flagship store in Jakarta at Grand Indonesia Shopping Town, the Indonesian retail centre said on Thursday.

The partnership agreement between the CEO of Grand Indonesia and the Central Department Store was signed in Jakarta on Thursday.

According to Grand Indonesian CEO Tessa N. Hartono, the first outlet of the Thai department store would cover an estimated space of 21,000 square metres and the total investment value would reach up to USD19.5 million.

(Source: Jakarta Globe )