Hankyu Department Store


Hankyu Department Store is a Japanese department store chain owned by Hankyu Hanshin Department Stores, Incorporated, a subsidiary of H2O Retailing Corporation.

History

Hankyu once operated in Malaysia in the 1980s as Hankyu Jaya, established in March 1984 as Hankyu Jaya Holdings Berhad. Its initial subsidiaries were Hankyu Jaya Shopping Centre Sdn Bhd, Hankyu Jaya Shopping Centre Sdn Bhd; Hankyu Jaya Holdings later added two new subsidiaries Hankyu Jaya Ampang Park and Hankyu Jaya Shopping Centre Sdn Bhd in July 1986. Locally owned company, Mun Loong Berhad, acquired 49% stakes of Hankyu Jaya Shopping Centre and Hankyu Jaya Ampang Park in 1989. Due to Hankyu Jaya's low-margin operations, Mun Loong received only 20% profit. Meanwhile, Mun Loong planned to open two new Hankyu Jaya outlets by the end of 1990; one of them located in the Klang Valley, and renovate its existing stores to meet demands and changing tastes of consumers.