New Yaohan

New Yaohan
新八佰伴
Department store
Founded 1992 (as Macau branch of Yaohan)
September 18, 1997 (as New Yaohan)
Headquarters Macau, China
Key people
 Stanley Ho, Kazuo Wada
Parent Sociedade de Turismo e Diversões de Macau
Website Official Website

New Yaohan (Chinese: 新八佰伴) is a department store in Macau, China. It was established on September 18, 1997, from the Macau branch of Yaohan, which was the first department store on the island. New Yaohan is a fully owned subsidiary company of Sociedade de Turismo e Diversões de Macau (STDM). The store is located on Avenida Dr. Mário Soares, Praia Grande, with one outlet store in Outer Harbour Ferry Terminal.

History

The original building of New Yaohan till 2008 since the establishment in 1992
The new site building opened in 2008

The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Casino (回力娛樂場) in 1992; at the time of its opening, the store was the first department store in Macau. As Kazuo Wada, the director-general of Yaohan Japan Corporation, announced that the Group was filed for bankruptcy on September 18, 1997,[1] Panda Sociedade de Gestao de Investimentos Limitada, a subsidiary company of Sociedade de Turismo e Diversões de Macau and Shun Tak Holdings, purchased the ownership of the branch store of Yaohan.[2][3] Then, STDM established a subsidiary company called New Yaohan Department Store (Chinese: 新八佰伴百貨) for related operations, and re-opened the department store with a new name: New Yaohan.[4]

In 2005, STDM announced it intended to demolish the New Yaohan store building and rebuild it as Oceanus (回力海立方娛樂場), the contingency development plan of its casino subsidiary Sociedade de Jogos de Macau in 2005. The New Yaohan store was then moved from Avenida da Amizade to a new site on Avenida Dr. Mário Soares, which was opposite to the old Judicial Court of Macau.[5] As part of the moving process, the store at the original site was closed on August 2, 2008, and the new site on opened on August 8, 2008.[6]

New Yaohan Department Store invests 30 million patacas for the outlet store known as New Yaohan Outlet (Chinese: 新八佰伴Outlet) on the third floor of the Outer Harbour Ferry Terminal which has an area of 11,000 square feet and it was opened on March 22, 2010.[7] New Yaohan also manages several different brands as outlet stores in The Venetian Macao, Four Seasons Hotel Macao and One Central.[6]

References

  1. ↑ "Japan Retailer In Bankruptcy". The New York Times. 1997-09-19. Retrieved 2013-11-22.
  2. ↑ "'Double-digit' jump in New Yaohan turnover". Macau Business Daily. 2013-01-23. Retrieved 2013-11-22.
  3. ↑ "List of members" (in Chinese). Macau retail and Management Association. Retrieved 2013-11-22.
  4. ↑ 南灣新八佰伴8號開 (in Chinese). Macau Daily. 2008-07-30. Archived from the original on August 5, 2008. Retrieved 2013-11-22.
  5. ↑ "Three-Year Mall". Macau Business. 2005-05-31. Retrieved 2013-11-22.
  6. 1 2 "About Us" (in Chinese). New Yaohan. Retrieved 2013-11-22.
  7. ↑ "新八佰伴Outlet開幕" (in Chinese). Macau Daily. 2010-03-23. Retrieved 2013-11-22.
Wikimedia Commons has media related to New Yaohan.
This article is issued from Wikipedia - version of the 10/23/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.