Japan’s leading department store operator Isetan Mitsukoshi Holdings Ltd. has opened its first store in the Philippines, tapping into the growth potential of the Southeast Asian country as it aims to promote lifestyle products from Japan.
The new Mitsukoshi BGC shopping mall, which opened on Friday in the upscale Bonifacio Global City district of the capital Manila, offers a variety of Japanese goods, including pastries and cosmetics.
The photo shows the interior of Isetan Mitsukoshi Holdings Ltd.’s first store in the Philippines. (Courtesy of Isetan Mitsukoshi Holdings Ltd.)(Kyodo)
The grand opening of the 28,000-square-meter retail facility is scheduled for the first quarter of next year, after about 120 tenants, mainly from Japan and the Philippines, have moved in.
The mall also features a Kinokuniya bookstore, offering Japanese books, manga, and stationery, as well as a Mitsukoshi Beauty cosmetics store with a wide selection of natural and organic products.
Dining options include Putien, a Michelin-starred Chinese restaurant, Sen-ryo, a sushi restaurant, a branch of the Ramen Nagi chain, and a CoCo Ichibanya curry shop.
Isetan Mitsukoshi also operates stores in China, Taiwan, Singapore, Malaysia, and the United States.
The Manila Mall is part of a joint residential and commercial development project with Nomura Real Estate Development Co. and local developer Federal Land Inc.
Mitsukoshi BGC occupies the first through third floors and the first basement level of the 54-story complex, with the remainder of the facility reserved primarily for 1,400 apartment units.
Four condominium towers, under construction above the mall, are scheduled for completion in 2027.
An official from Isetan Mitsukoshi expressed his hope that the mall will contribute to urban development, saying, “We want to propose a new lifestyle that blends Japanese and Filipino culture.”