Isetan Bangkok to close
News
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Mar 2020
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Isetan (Thailand) Co., Isetan Mitsukoshi's subsidiary, will terminate a rental contract with a developer under the Thai conglomerate Central Group for the six-storey store, which opened in April 1992 in the shopping complex now known as Central World. A new shopping outlet with a Japanese flavour will replace Isetan Bangkok in summer.
Isetan Bangkok expects sales of 4.2 billion yen ($39 million) and a net profit of 32 million yen for the fiscal year through March 2020, down around 10 percent and 60 percent respectively from the previous year. Yet it maintained profitability throughout except for the fiscal year through March 2011, when it experienced temporary closure in 2010 due to antigovernment protests.
