Isetan exits duty-free with KLIA closures

26-Jul-2003

Japanese department store operator Isetan is to wind down its Isetan Duty Free stores at Malaysia's Kuala Lumpur International airport, citing falling sales at the location.

Japanese department store operator Isetan is to wind down its Isetan Duty Free stores at Malaysia's Kuala Lumpur International airport, effective from the end of September, citing falling sales at the location. Isetan owns a 51% stake in the company, which operates the airport's Fashion Casual and Gucci boutiques, with the remainder held by local firm Angsana Bakti.
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