SINGAPORE - Local retailer Mustafa’s, which operates Mustafa Centre in Syed Alwi Road, will open its first department store in Malaysia in a shopping mall in Johor Bahru, mall owner Capital World announced on Friday. Singapore-listed Capital World said in a bourse filing that it will sell most of the retail space at its 11-storey Capital City Mall in Tampoi.
Singapore’s Mustafa Centre, operated by Mustafa’s Pte Ltd, is set to open its flagship store in Johor Bahru soon. This follows the announcement made by Capital World Ltd that it will sell most of the space, including retail units at its Capital City Mall, Johor Bahru, to Mustafa for RM368 million, a move that will significantly bolster the property developer’s balance sheet and fast-track its turnaround.
Singapore News - Local retailer Mustafa’s, which operates Mustafa Centre in Syed Alwi Road, will open its first department store in Malaysia in a shopping mall in Johor Bahru, mall owner Capital World announced on Friday. Singapore-listed Capital World said in a bourse filing that it will. Read more at www.tnp.sg
For anyone suffering a post-colonial hangover in independent Singapore, there’s still a corner in Little India where you can find British souvenirs – and for a while forget where you might be.