Mitra to close Lotus and Debenhams stores
Mitra Adiperkasa of Indonesia has announced that its remaining Lotus stores will be closed by the end of October. Three stores will close while two others were shut down in 2016. The end of Lotus does not mean, apparently, less focus on its department store business segment. However, Mitra which operates Sogo, Seibu, Debenhams and Galeries Lafayette stores in Indonesia, has also announced the closing of Debenhams as well. Mitra is the franchise holder for Starbucks, Burger King, Zara, Nine West and other brands.
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