New Yaohan (,

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

: Novo Yaohan) is a

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic app ...

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

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. It was established on September 18, 1997, from the Macau branch of

Yaohan or ; ) was a Japanese retail group, founded in 1930 by and his wife . Initially a single shop, it was expanded by their son Kazuo Wada into a major supermarket chain with most retail outlets located in Shizuoka prefecture, south of Tokyo. It ...

, which was the first department store on the island. New Yaohan is a fully owned subsidiary company of

Sociedade de Turismo e Diversões de Macau The Sociedade de Turismo e Diversões de Macau, SA; abbreviated as STDM, (, English: "Tourism and Entertainment Company of Macau Limited") is a company in Macau owned by Stanley Ho and his family. Historically, it held a monopoly to Macau's ga ...

(STDM). The store is located on Avenida Dr. Mário Soares,

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, with one outlet store in

Outer Harbour Ferry Terminal The Outer Harbour Ferry Terminal ( pt, Terminal Marítimo de Passageiros do Porto Exterior; ), also known as the ''Macau Maritime Ferry Terminal'', ''Macau Ferry Terminal'' or ''Hong Kong-Macau Ferry Pier'' in Chinese (), is a ferry terminal loca ...

History

The Japanese retail group

established a branch store in

which was located on Avenida da Amizade, next to Jai Alai Casino (

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: ,

: Cassino Jai Alai) in 1992; at the time of its opening, the store was the first department store in Macau. As

Kazuo Wada was a Japanese businessman, the effective founder and chairman of the defunct multinational supermarket and department store chain Yaohan. He took over his parents' small grocery chain in the 1950s and spent the next four decades growing Yaohan i ...

, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997, Panda Sociedade de Gestao de Investimentos Limitada, a subsidiary company of

and

Shun Tak Holdings Shun Tak Holdings Limited () is a Hong Kong-Macau company founded in 1972. It has been one of the constituents of the Hang Seng Hong Kong MidCap Index since 11 September 2006. The company is active in shipping, property, hospitality and investme ...

, purchased the ownership of the branch store of Yaohan. Then, STDM established a subsidiary company called New Yaohan Department Store (,

: Nova loja de departamentos Yaohan) for related operations, and re-opened the department store with a new name: New Yaohan. In 2005, STDM announced it intended to demolish the New Yaohan store building and rebuild it as Oceanus (), the contingency development plan of its casino subsidiary Sociedade de Jogos de Macau in 2005. The New Yaohan store was then moved from Avenida da Amizade to a new site on Avenida Dr. Mário Soares, which was opposite to the old Judicial Court of Macau. As part of the moving process, the store at the original site was closed on August 2, 2008, and the new site on opened on August 8, 2008. New Yaohan Department Store invests 30 million patacas for the outlet store known as New Yaohan Outlet (,

: Outlet de Novo Yaohan) on the third floor of the

which has an area of 11,000 square feet and it was opened on March 22, 2010. New Yaohan also manages several different brands as outlet stores in

The Venetian Macao The Venetian Macao () is a hotel and casino resort in Macau owned by the American Las Vegas Sands company. The 39-story structure on Macau's Cotai Strip has of floor space, and is modeled on its sister casino resort The Venetian Las Vegas. It ...

, Four Seasons Hotel Macao and

One Central One Central () in Sé, Macau is a waterfront mixed-used project developed by Hongkong Land and Shun Tak Holdings and completed in 2009. The development comprises seven apartment residential towers centred around a 42-storey tower, housing the ...

References

{{commons category, New Yaohan Companies of Macau Retail companies established in 1997 1997 establishments in Macau