A Takashimaya Company store in Tokyo. The retailer owns 19 department stores in Japan, as well as outlets in Singapore, Thailand and Vietnam. Photo: Bloomberg

High-end Japanese retailer Takashimaya in U-turn, to keep Shanghai store open

  • Osaka-based company says support from landlord, municipal government behind eleventh-hour change of heart
  • Unclear if board or shareholders have decided on how to steer a turnaround for the business
Topic |   Retail properties

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A Takashimaya Company store in Tokyo. The retailer owns 19 department stores in Japan, as well as outlets in Singapore, Thailand and Vietnam. Photo: Bloomberg
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