Hankyu Department Store
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| Company type | Retail |
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Hankyu Department Store (阪急百貨店, Hankyū Hyakkaten) is a Japanese department store chain owned by Hankyu Hanshin Department Stores, Incorporated (株式会社阪急阪神百貨店, Kabushiki-gaisha Hankyū Hanshin Hyakkaten), a subsidiary of H2O Retailing Corporation.
History
[edit]Hankyu once operated in Malaysia in the 1980s as Hankyu Jaya, established in March 1984 as Hankyu Jaya Holdings Berhad. Its initial subsidiaries were Hankyu Jaya Shopping Centre Sdn Bhd, Hankyu Jaya Shopping Centre (Kedah) Sdn Bhd; Hankyu Jaya Holdings later added two new subsidiaries – Hankyu Jaya Ampang Park and Hankyu Jaya Shopping Centre (Kelantan) Sdn Bhd – in July 1986.[1] Locally owned company, Mun Loong Berhad, acquired 49% stakes of Hankyu Jaya Shopping Centre and Hankyu Jaya Ampang Park[2] in 1989.[3] Due to Hankyu Jaya's low-margin operations, Mun Loong received only 20% profit.[3] Meanwhile, Mun Loong planned to open two new Hankyu Jaya outlets by the end of 1990; one of them located in the Klang Valley, and renovate its existing stores to meet demands and changing tastes of consumers.[3]
References
[edit]- ^ "Mun Loong to buy into supermart chain". The Straits Times. Bernama. September 12, 1988.
- ^ "Mun Loong Bhd". The Straits Times. New Straits Times. December 8, 1988.
- ^ a b c "Mun Loong says Lot 10 opening will boost activity". Business Times (Singapore). Bernama. September 6, 1990.
See also
[edit]- Hanshin Department Store - one of two names of the department stores owned by Hankyu Hanshin Department Stores, Inc.
External links
[edit]
- Official website (in English, Chinese, Japanese, Korean, and Thai)
- Hankyu Hanshin Department Stores, Inc. (corporate information) (in Japanese)
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