MBK will develop, improve retail space to be left vacant by Tokyu’s exit
MBK Centre shopping mall plans to develop and improve the retail space left vacant by Tokyu Department Store once the latter withdraws from its business operations in Thailand at the end of January.
The store had announced it was ceasing operations after facing three consecutive years of losses.
MBK said on Thursday it has a plan to develop and improve the retail space left vacant by Tokyu’s exit in line with the centre’s business strategy to meet the demands of customers, business partners and shareholders.
“MBK Centre continues to develop its business to maintain sustainable growth and standards as a leading shopping centre in Thailand,” the company said.
Tokyu started its business at MBK Centre in 1985. With a total retail area of 12,000 square metres, the store was the second largest there after SF Corporation.
