New Yaohan (, Portuguese: 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 under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ...

Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. 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 selling vegetables, it was expanded by their son Kazuo Wada into a major supermarket chain with most retail outlets located in Shizuoka prefecture, ...

, 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 (abbreviated as STDM; ) is a company in Macau owned by the family of Stanley Ho. Historically, it held a monopoly to Macau's gambling industry as the only licensee for casinos. In 2002, the government of Macau began issuing more licenses ...

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

Praia Grande Praia Grande is a municipality in the Baixada Santista Metropolitan Region, on the southern coast of the Brazilian state of São Paulo. It is part of the Immediate Region of Santos and its population measured in the IBGE census review in 2010 ...

, with one outlet store in

Outer Harbour Ferry Terminal The Outer Harbour Ferry Terminal (; ), also known as the ''Macau Maritime Ferry Terminal'', ''Macau Ferry Terminal'' or ''Hong Kong-Macau Ferry Pier'' in Chinese (), is a ferry terminal located at Porto Exterior, Sé, Macau, China. History The ...

History

The Japanese retail group

established a branch store in

which was located on Avenida da Amizade, next to Jai Alai Casino ( Chinese: , Portuguese: Casino 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 Yaoh ...

, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997, Panda Sociedade de Gestão 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 inve ...

, purchased the ownership of the branch store of Yaohan. Then, STDM established a subsidiary company called New Yaohan Department Store (, Portuguese: 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 (, Portuguese: Outlet do 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, China 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 Ve ...

, Four Seasons Hotel Macao and One Central.

References

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