New Yaohan (, Portuguese: Novo Yaohan) is a department store in Macau, China. It was established on September 18, 1997, from the Macau branch of Yaohan, which was the first department store on the island. New Yaohan is a fully owned subsidiary company of Sociedade de Turismo e Diversões de Macau (STDM). The store is located on Avenida Dr. Mário Soares, Praia Grande, with one outlet store in Outer Harbour Ferry Terminal.
History
The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Casino (Chinese: 回力娛樂場, Portuguese: Casino Jai Alai) in 1992; at the time of its opening, the store was the first department store in Macau. As Kazuo Wada, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997,[1] Panda Sociedade de Gestão de Investimentos Limitada, a subsidiary company of Sociedade de Turismo e Diversões de Macau and Shun Tak Holdings, purchased the ownership of the branch store of Yaohan.