| New Yaohan 新八佰伴 Novo Yaohan | |
| Type: | Department store |
| Foundation: | 1992 (as Macau branch of Yaohan) September 18, 1997 (as New Yaohan) |
| Location City: | Macau, China |
| Locations: | 5 (1 main store and 4 outlets) |
| Key People: | Stanley Ho, Kazuo Wada |
| Parent: | Sociedade de Turismo e Diversões de Macau |
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.
The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Casino (Chinese: 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.[2] [3] Then, STDM established a subsidiary company called New Yaohan Department Store (Portuguese: Nova loja de departamentos Yaohan) for related operations, and re-opened the department store with a new name: New Yaohan.[4]
In 2005, STDM announced it intended to demolish the New Yaohan store building and rebuild it as Oceanus (Chinese: 回力海立方娛樂場), the contingency development plan of its casino subsidiary Sociedade de Jogos de Macau in 2005. The New Yaohan store was then moved from Avenida da Amizade to a new site on Avenida Dr. Mário Soares, which was opposite to the old Judicial Court of Macau.[5] As part of the moving process, the store at the original site was closed on August 2, 2008, and the new site on opened on August 8, 2008.[6]
New Yaohan Department Store invests 30 million patacas for the outlet store known as New Yaohan Outlet (Portuguese: Outlet do Novo Yaohan) on the third floor of the Outer Harbour Ferry Terminal which has an area of 11,000 square feet and it was opened on March 22, 2010.[7] New Yaohan also manages several different brands as outlet stores in The Venetian Macao, Four Seasons Hotel Macao and One Central.