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Expanding In Style
Forbes, 16 June 2012
Fashion house Shiatzy Chen owned the Taiwan market. So CEO Harry Wang told his chairman father it was time to invade China. The location factor is so important that Wang spends almost half his time on the road scouting top-tier shopping centers across Asia. Shiatzy Chen’s first store in Asia outside Greater China, at the YTL's Starhill Gallery, an upscale shopping and dining complex in Kuala Lumpur, was one of Wang’s recent finds. That store opened in January and did $300,000 in sales in the first month--a stronger start than Wang expected. The early success of Kuala Lumpur has Wang looking elsewhere in Southeast Asia. “I just looked at three locations in Singapore and would also like to open in Jakarta and Bangkok.” The chain also has three stores in Hong Kong and two in Macau.


Debenhams opens in YTL's Starhill Gallery
New Straits Times, 23 May 2012
Hundreds of eager shoppers rushed to the new Debenhams flagship store in YTL's Starhill Gallery here recently to be among the first customers to receive a free Debenhams eco-tote bag and a specially designed Union Jack themed umbrella with a minimum spend of RM250 during the opening weekend.

One enthusiastic shopper said, "I heard Debenhams in Starhill Gallery offers the largest 'Designers at Debenhams' collection in Southeast Asia and I wanted to view the collection. "I have been a big fan of the collection and am delighted that we no longer have to travel abroad to purchase high-quality apparels."

Those present had the privilege to meet Julien Macdonald, the famous British designer who had flown in from the United Kingdom to officiate at the opening and introduce his latest collection, Diamond, during the fashion presentation. Another shopper added: "I have been waiting since 9am to get my hands on the Union Jack themed eco tote bag and mug." Debenhams international director Francis McAuley said, "The response to the new flagship store has been simply wonderful!

Building Malaysian's Stellar Shopping Era
Real Estate Malaysia Magazine, 20 May 2012
Bintang Walk is the brainchild of YTL
 Corp's Managing Director Tan Sri Dr 
Francis Yeoh and works on it started
some 13 years ago. 
According to Yeoh, the YTL bought Starhill Gallery and Lot 10 in
1999 at a time when it is not a stretch
to describe the Kuala Lumpur shopping scene as backwater and a far
cry from what it is today.

"After careful studies I discovered that the custom duties is the key consideration for luxury brands and many Asian countries, with the exception of Singapore and Hong Kong, impose high duties on luxury items," said Yeoh.

This discovery prompted Yeoh to enter
Into discussion with the government to
turn Starhill Gallery into a tax-free mall and
fortunately his application was approved
 four months later.
 After the approval was handed down,
Yeoh started wooing international luxury 
brands and succeed in getting the LVMH 
to set up its biggest flagship store in KL.

Size is important for luxury brands to
project an image of class and hence
the low rent offered by Bintang Walk becomes one of its key advantages as it allows the luxury brands to set up stores in
lot sizes not feasible in other countries with
much higher rental.
 With some of the biggest 
flagship stores for many luxury brands, it is 
time for KL to position itself as a premium
 global fashion hub.

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