JAPANESE VENTURE IN PERSIA
Department Store To Be Opened (By a Reuter Correspondent) TOKYO. Japan is to open a luxury department store in Teheran, the capital of Persia, in two and a half years’ time. It will be Japan’s first venture of this nature in a foreign country. The five-storey store will oe built jointly by a Japanese firm and officials connected with the Persian Royal Family. The Shirdkiya department store of Tokyo has already signed a contract with the Persian Royal Property Custodian for erecting the store on an equal-payment basis. It Will include a cinema, storehouses, and a staff dormitory. Sixty per cent, of the goods on sale will be Japanese-made, and the rest products of Persia.
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Press, Volume XCVII, Issue 28542, 22 March 1958, Page 15
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119JAPANESE VENTURE IN PERSIA Press, Volume XCVII, Issue 28542, 22 March 1958, Page 15
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