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Japan's Mitsukoshi set to open in Manila this year

Philippines' 1st Japanese department store aims to win over young middle class

Mitsukoshi department store will be located just north of Bonifacio Global City, a new business district in Metro Manila. (Image courtesy of Isetan Mitsukoshi Holdings)

MANILA -- When Mitsukoshi department store opens in Manila later this year, it will be the first such Japanese retailer to make a debut in the Philippines where companies are hoping to take advantage of a growing middle class.

Isetan Mitsukoshi Holdings will open its flagship store in a large complex that it is jointly building with Nomura Real Estate Development and local property developer Federal Land in the north part of Bonifacio Global City, a new business district in Metro Manila.

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