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    The First Foreign Department Store In Chengdu Was Suddenly Closed.

    2013/7/17 18:08:00 34

    Foreign Department StoresForeign CapitalDepartment Stores

    "P > Chengdu Chunxi Road Pacific Department Store suddenly shut down, causing the dispute between the holding side far east group and the landlord chengshang group.

    In a letter to Pacific employees, chengshang group made it clear that the Pacific department store of Chengdu commercial office stopped operation and began liquidation.

    The Far Eastern Group holding Pacific Department Store responded by saying that the chengshang group suddenly terminated the unilateral operation of the Pacific department store business department.

    < /p >


    < p > > the cooperation between the Chengzhi group and the Pacific holdings was terminated in April 20, 2012 by the chengshang group. The two sides have settled the Chengdu commercial department Pacific Department Store Company in accordance with the law since April 20, 2012.

    Pacific Department Store Holdings Far East Department Store retorts that the contract with Chengdu business is not over, but will be terminated next year.

    Far east department store said that the suspension of business for decoration was due to unilaterally terminating the contract, and the two sides are coordinating.

    Far east department store said there was no definite plan for the Pacific department store's opening and timetable.

    < /p >


    "P > the closure of the spring store in the Pacific department store is premonitory.

    In May 19th, the Pacific department store of the Far East Group was renamed the Far East department store in Chongqing and Chengdu. After that, the national Pacific department store was renamed.

    But Chengdu Pacific Department Store Chun Xi shop has not changed its name.

    The change of the Pacific department store is actually a sequela of several changes in the company's equity.

    < /p >


    < p > it is understood that since the original landlord of Chun Xi shop has increased rent by 5 times, the Pacific department store will not renew the lease after the contract expires this year.

    As early as in 2010, the Pacific Department Store Chun Xi shop had exposed the news that the rent was going up and the "closing talks" were about to withdraw.

    < /p >


    P > Pacific Department Store Chun Xi store is the first foreign department store located in Chengdu.

    According to the analysis of the industry, the group behind the chengshang group is the Shenzhen Maui group, which also manages the department store industry.

    Chengshang group has said that if the two sides no longer cooperate, the company will be able to recover part of the site's right to operate its own department store.

    < /p >


    The reason why P Pacific Pacific department store has attracted much attention stems from its 2011 wave of being pulled out of Beijing due to poor management.

    Previously, the head of Beijing District of Pacific department store has said, "no Beijing market has been abandoned".

    He also revealed that three sites were being assessed, including the nearby Yansha Four Seasons Hotels Near East Third Ring Road and the Tiantan park near South Second Ring Road.

    Another shop may take the form of self purchase property, which includes shopping, leisure and entertainment in a large-scale MALL format.

    < /p >

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