Tokyu, Japan’s department store at the MBK Centre shopping mall in Bangkok will close in January in the aftermath of the coronavirus pandemic.
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MBK Plc, operator of the MBK mall said it has a plan to renovate the space after Tokyu group announced to cease its business, becoming the latest Japanese retailer to pull out of Thailand.
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Tokyu, which began operation in Thailand in 1985 has suffered difficulties and a drop in turnover due to the impact from the pandemic.
In August, the Japanese retailer, Isetan shut its doors at Central World after 28 years. (TNA)