Posted inChinaHong KongJapanNortheast Asia

City’s shoppers say sayonara to Japanese department stores

The sale this week of retailer Apita/Uny to Henderson Investment, which is controlled by Hong Kong tycoon Lee Shau-kee, was another sad chapter in the slow demise of the city’s dwindling number of authentically Japanese department stores. Aeon Stores, formerly known as Jusco, is now the only remaining  franchise actually controlled by a Japanese company — […]