Parkson to build malls and lease out space


A Parkson outlet in China

KUALA LUMPUR: Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover.

The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall in Qingdao, China, which is set to open its doors in the middle of next year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , parkson , mall , expansion , margins

   

Next In Business News

AirAsia can withstand rising oil prices, says Fernandes
More Fed officials ready to say goodbye to low-rate world
China travel surges for May holiday but consumers remain wary
Dollar near five-month highs ahead of Fed policy decision
Crypto washout sends bitcoin below US$58,000 into bear market
Oil falls for a third day as Middle East ceasefire hopes rise
Japan's Nikkei ends lower as investors brace for Fed policy decision
AirAsia can withstand unfavourable currency movements, rising oil prices
Musk disbands Tesla EV charging team, leaving customers in the dark
Gold hits near four-week low as traders ready for Fed verdict

Others Also Read