First Seibu to open in Malaysia
A new Seibu store will open in Kuala Lumpur in 2019, operated by the Sogo (KL) Department Store which has operated Sogo in the city since 1994. In 2000, Sogo Seibu of Japan, the department store arm of Seven and I Holdings granted rights to use their store names in Asian locations which today number around 30. They achieved around 400 billion yen in sales for fiscal 2016. The new Seibu, which has a higher-end image in the region, will open in the Tun Razak exchange, a 70-acre development intended to serve its finance and business centre.
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