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Premium Japanese department store 'Takashimaya' selects ICONSIAM as location for first store in Thailand
BANGKOK , Oct. 21, 2014 /PRNewswire/ -- Premium Japanese department store 'Takashimaya', together with ICONSIAM Co., Ltd., the developer of the Bht 50-billion riverside national landmark 'ICONSIAM', today signed a joint venture agreement to set up the first Takashimaya department store in Thailand at ICONSIAM as the national landmark's retail anchor.
The new Takashimaya, to be built with a total investment of Bht 3,000 million - of which Bht 1,800 million is the building construction value - is expected to generate a wave of excitement because of its many new offerings for consumers in Thailand . It is also expected to be a major new tourism draw in Bangkok that will attract visitors from around the region who are familiar with the Takashimaya brand's promise to provide one of the widest and most exclusive selections of products.
"We look forward to working closely with Thai manufacturers, suppliers and service providers as well as distributors of Thai products to create an exciting new retail experience that brings together an extraordinary and complete range of products."
He said that Takashimaya is studying plans for the potential opening of more stores in Thailand in the future.
said, " Our goal is to help make Bangkok the Retail Capital of Asia . This important investment in Thailand by a top Japanese department store operator is a sign of confidence in the strength of the domestic economy. The joint venture enhances Thai-Japanese commercial relations and will also help Thai products find markets in Japan through Takashimaya's distribution system."
Established more than 180 years ago, Takashimaya is one of Japan's most admired department store operators, with 22 stores in operation.
Mr. Yutaka said, " Thailand is an important destination for Takashimaya because Thai per capita income is reaching a level that will create a rapidly expanding customer base of people who both seek and can afford the type of quality products we offer."
Takashimaya at ICONSIAM opens in 2017 with a gross floor area of around 36,000 square metres spread over seven floors, carrying a full line of luxury brands, cosmetics, ladies' wear, ladies' accessories, men's wear and accessories, lifestyle products, as well as premium food and beverage offerings.
Takashimaya's group sales were in excess of US$ 9,000 million (approximately Bht 300,000 million) in 2013.
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