Posted inChina

Takashimaya to shut its Shanghai store

Japanese department-store operator Takashimaya will close its Shanghai department store after years of losses, and exit China, InsiderRetailHK reported. The company said it would recommend to shareholders at a special meeting on August 25 that its Shanghai Takashimaya Co. subsidiary be liquidated after it failed to negotiate a rent reduction from its Chinese landlord. Assuming […]

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