Saturday, January 16, 2010

Harvey Nichols will close its Jakarta store

Expensive store Harvey Nichols will close down its store in Grand Indonesia shopping town, Jakarta, reportedly on poor performance. Opened in October 23rd, 2008, the store occupies 9500 square meter pole position at the East Mall of Grand Indonesia and managed by PT Mitra Adiperkasa (MAPI) Tbk, the leading lifestyle retailer in the country.
The food market has previously been closed down. But the Social House restaurant, bar, and wine shop owned by Ismaya Group will keep open its doors.
Harvey Nichols is an international luxury lifestyle store. Jakarta is the only city in South East Asia with Harvey Nichols store. It operates other stores in London, Hong Kong, Dubai, Istanbul, and Riyadh.
Well, the initial plan was to open Harrods in Grand Indonesia, developed by Djarum Group. But even in Singapore the store scored little success. The operator of luxury stores believe Indonesia has lot more affluent customers than Singapore. But looks like the affluent customers prefer to go overseas for shopping.
Mitra Adiperkasa also operates Debenhams and Sogo in Indonesia. The company moved Debenhams from Plaza Indonesia, Grand Indonesia's neighbor, in August 2008 to Karawaci Malla to prevent competition with Harvey Nichols.

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Anonymous Anonymous said...

How reliable is your source of information on this Yosef? I've heard only rumours but no concrete confirmation.

January 23, 2010 12:22 AM  
Anonymous Anonymous said...

no comment for this statement. Actually we very love this place as first modern in Indonesia, specially for display&all stuff @that store. Good fortune for Harvey Nichols Indonesia.. (J)

January 23, 2010 3:18 AM  
Anonymous Joseph Landri said...

I'm wondering, where did you get this news?

For your information, we just did a relaunch back in September as well as repositioning our targeted market. And as far as I have observed, things have been progressing so well.

All things considered, this 'news' is completely false and deceitful.

Joseph Landri
Investor Relation
PT. Mitra Adi Perkasa

January 23, 2010 7:42 PM  
Anonymous Anonymous said...

it's quite reasonable that Indonesians prefer to go shopping overseas. the tax here is quite high, that it makes the price, especially for the luxury brands much higher than they are overseas.

January 24, 2010 1:43 AM  

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