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Parkson

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Parkson Holdings Berhad
Company typePublic limited company
MYX: 5657
ISINMYL5657OO001
IndustryDepartment stores
Founded1987; 39 years ago
FounderWilliam Cheng
HeadquartersRepublic Plaza,

Number of locations

81 stores (2025)[1]

Area served

SGD$520.4 million[2] (2024)
ParentLion Group
Websiteparkson.com.sg

Parkson Holdings Berhad (Chinese: 百盛; pinyin: Bǎishèng; Cantonese Yale: Baaksìhng) is a Malaysian department store chain founded in 1987. Parkson was created by William Cheng and is a subsidiary of the Cheng-owned Lion Group.

As of 2025, Parkson operates 37 stores in Malaysia (including four in Kuala Lumpur), as well as 44 locations across China. A Parkson-brand shopping centre operates in Vientiane, Laos. Parkson is a member of the Intercontinental Group of Department Stores.

Parkson opened its first store at Sungei Wang Plaza as Parkson Grand in 1987.[3]

In December 2011 the company expressed its intent to open stores in Cambodia, Myanmar, the Philippines, and Thailand.[4]

Parkson purchased a 41.8% stake in Sri Lankan department store chain Odel in 2012.[5] The stake was sold to Softlogic in 2014.[6]

In 2018 Parkson closed its Sungei Wang Plaza and Maju Junction stores due to changes of the customer base at both locations.[7] The Puchong store closed after just 18 months of operation in late 2019.[8]

The MyTown Shopping Centre branch closed in February 2020.[9] Two stores were closed in 2021 bringing the total store count to 37.[10]

International operations

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China (1994–present)

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Parkson entered China in 1994 with store on Beijing's Fuxingmen Road.[11]

Parkson opened in Qingdao in 1998.[12]

In 2012 Parkson purchased the Qingdao Shopping Mall with intentions to open a store in the centre.[12]

The fourth store in Chongqing opened in May 2013 at Chongqing Fortune Mall.[13]

Five Chinese stores were closed in 2016, followed by the closure of stores in Beijing (Changying Street), Hefei, and Zhengzhou in 2017.[11]

Laos (2020–present)

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In February 2020 Parkson opened a shopping mall in the Sisattanak district of Vientiane, however, no Parkson department stores operate in the country.

Vietnam (2005–2023)

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Parkson entered Vietnam on 29 June 2005 with their first store in Saigontourist Plaza on Lê Thánh Tôn Street in Ho Chi Minh City.[14] Two years later in 2007, Parkson opened their second store at Hùng Vương Apartment on Hồng Bàng Boulevard, District 5, Ho Chi Minh City (Chợ Lớn) named as Parkson Hùng Vương Plaza.

Parkson Landmark 72 in Hanoi opened in 2011.[15]

In January 2015 Parkson closed its Keangnam Landmark 72 Hanoi stores due to poor sales.[16][17] In the same month a new store opened in Da Nang.[17] Parkson Paragon in Phú Mỹ Hưng urban area closed in May 2016 and was followed by the closure of Parkson Viet Tower in Đống Đa, Hanoi in December 2016.[18]

Parkson Flemington (District 11, Ho Chi Minh City) and Parkson Cantavil (An Phú, Thủ Đức) closed in 2018.[19][18] After the closure of Parkson TD Plaza in Haiphong, only the Ho Chi Minh City flagship store remained.[20]

The flagship store in Saigontourist Plaza reopened in July 2020 as an expanded Parkson Saigontourist Plaza spans over the corner of Lê Thánh Tôn and Đồng Khởi Street, after renovations that saw the addition of a shopping mall to the building.[21]

In early 2023 Parkson Vietnam filed for bankruptcy and closed its Ho Chi Minh City store, the only remaining branch in the country.[22]

Indonesia (2011–2021)

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Parkson entered the country by acquiring PT. Tozy Sentosa, the operator of Centro Department Store in 2011. Centro Department Store itself was developed by Suzy Darmawan Hutomo, master licensor holder for The Body Shop in Indonesia and sole daughter of Matahari founder, Hari Darmawan.[23] Prior to the acquisition, Centro opened its first store at Plaza Semanggi, Jakarta in November 2003, followed by opening stores at Discovery Shopping Mall Bali, Plaza Ambarrukmo Jogjakarta, Margo City Depok, Mall of Indonesia Jakarta, and Summarecon Mall Serpong Tangerang.

After the acquisition, the department store network has since expanded to a total of 11 stores under the Centro brand and two stores under the Parkson brand, leading to a total of 14 stores (including Kem Chicks supermarket at Pacific Place Jakarta. Parkson Gourmet Market at Bintaro CBD, opened on 3 November 2016 but closed sometime in 2017) as of 1 December 2020.

The country's first Parkson store opened its door at Centre Point Mall, Medan on 28 November 2013. The second Parkson store at Lippo Mall Puri, Jakarta commenced operation on 27 June 2014 (closed in 2020 due to low sales and COVID-19 pandemic). The third Parkson store at Hartono Mall, Yogyakarta commenced operation on 22 December 2015.

According to the company website, the Centro brand will be focused on the middle-class segment while the Parkson brand focuses on the upper-middle-class.

In March 2021, PT. Tozy Sentosa were sued to bankruptcy due to failed payments to various vendors.[24][25][26] Centro stores at Plaza Ambarrukmo, Jogjakarta and Bintaro Jaya Xchange Mall, Tangerang closed down following the lawsuit.[27] Before that, however, two Centro branches at Mall of Indonesia[28] and Plaza Semanggi, Jakarta[29] were closed in 2018, followed by the Summarecon Mall Serpong branch on 3 January 2021. Some of former Parkson and Centro department stores has either been repurposed or replaced by other department store such as Matahari in Hartono Mall, Metro in Centre Point Medan, and other stores[30] In April 2021, Parkson Hartono Mall and Centro Solo Paragon Mall closed its doors, and finally, on 17 May 2021, the company was officially declared bankrupt by court.[31]

Myanmar (2013–2018)

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Parkson entered Mynamar in 2012 in a partnership with Yoma and First Myanmar.[32] The first and only store was opened in May 2013 at FMI Centre in Yangon.[32][13] Parkson FMI Centre closed in 2017 and was replaced by a store at Yangon's Junction Square in March.[33] This store later closed.

Parkson was planning to expand into Cambodia in 2016, however the shopping centre that Parkson planned to open in was not completed on schedule. This led to Parkson cancelling its Cambodian expansion plans.[34]

  1. ^ Parkson store directory.
  2. ^ Parkson Annual Report .
  3. ^ "KL offers shopping galore". The Straits Times. 18 December 1988.
  4. ^ Asia, Inside Retail (2011-12-12). "Parkson eyes SE Asia growth". Inside Retail Asia. Retrieved 2025-10-04.
  5. ^ Asia, Inside Retail (2012-07-26). "Parkson invests in Sri Lankan retailer". Inside Retail Asia. Retrieved 2025-10-04.
  6. ^ "Ashok Pathirage gains full control of ODEL in Sri Lanka". Adaderana Biz English | Sri Lanka Business News. 2014-10-14. Retrieved 2025-10-04.
  7. ^ "Parkson explains recent store closures". Malay Mail. 2018-03-08. Retrieved 2025-10-04.
  8. ^ Stockdill, Robert (2019-08-08). "Parkson closes Puchong store after just 18 months". Inside Retail Asia. Retrieved 2025-10-04.
  9. ^ Arnold, Michael (2020-01-03). "Parkson to exit MyTown Shopping Centre in February". Inside Retail Asia. Retrieved 2025-10-04.
  10. ^ Ignacio, Celene (2024-02-26). "Parkson Retail Asia books lower net profit amid weak consumer spending". Inside Retail Asia. Retrieved 2025-10-04.
  11. ^ a b Asia, Inside Retail (2017-07-10). "Parkson China closing stores as sales slump". Inside Retail Asia. Retrieved 2025-10-04.
  12. ^ a b Asia, Inside Retail (2012-12-20). "Parkson buys China mall". Inside Retail Asia. Retrieved 2025-10-04.
  13. ^ a b "Opening of Parkson FMI Yangon, Myanmar" (PDF). Archived from the original (PDF) on 2016-03-04.
  14. ^ "About Parkson | Parkson". Archived from the original on 2013-12-03. Retrieved 2013-12-02.
  15. ^ Asia, Inside Retail (2015-01-06). "Parkson closes Vietnam store". Inside Retail Asia. Retrieved 2025-10-04.
  16. ^ Asia, Inside Retail (2015-01-12). "Parkson committed to Vietnam". Inside Retail Asia. Retrieved 2025-10-04.
  17. ^ a b "Parkson remains positive on Vietnam - the Rakyat Post - the Rakyat Post". Archived from the original on 2016-08-29. Retrieved 2015-02-11.
  18. ^ a b "Parkson Retail Asia to sell another Vietnam asset for $10mln". e.nhipcaudautu.vn. Retrieved 2025-10-04.
  19. ^ "Parkson's department store model over in Vietnam". VietNamNet News (in Vietnamese). Retrieved 2025-10-04.
  20. ^ "Parkson Retail Asia to sell another Vietnam asset for $10mln". e.nhipcaudautu.vn. Retrieved 2025-10-04.
  21. ^ SGT (2020-08-09). "Parkson Saigontourist Plaza ready for soft opening". The Saigon Times. Retrieved 2025-10-04.
  22. ^ "Parkson Vietnam files for bankruptcy amid multi-million dollar losses". theinvestor.vn. Retrieved 2025-10-04.
  23. ^ "Kisah Putri Sulung Pendiri Matahari Department Store Tanggalkan Nama Darmawan". Tribun Jabar (in Indonesian). Retrieved 2021-04-05.
  24. ^ Kusumawardhani, Amanda (10 March 2021). "Pengelola Centro dan Parkson Digugat Pailit". Bisnis Indonesia. Retrieved 12 March 2021.
  25. ^ "SIPP". sipp.pn-jakartapusat.go.id. Retrieved 2021-03-12.
  26. ^ Liputan6.com (2021-03-16). "Asosiasi Pemasok Tanggapi Kasus PKPU Centro dan Parkson Departemen Store". liputan6.com (in Indonesian). Retrieved 2021-03-16.{{cite web}}: CS1 maint: numeric names: authors list (link)
  27. ^ Sandi, Ferry. "Centro Plaza Ambarrukmo Tutup, Rupanya Sudah Diprediksi". news (in Indonesian). Retrieved 2021-03-23.
  28. ^ "Tak Hanya di Plaza Semanggi, Centro di Mall of Indonesia Juga Tutup". kumparan (in Indonesian). Retrieved 2021-03-31.
  29. ^ Hasibuan, Lynda. "15 Tahun Eksis, Begini Sepak Terjang Centro Department Store". news (in Indonesian). Retrieved 2021-03-31.
  30. ^ "Summarecon Mall Serpong (@sms_serpong) posted on Instagram: "Pemberitahuan Terimkasih #SMSLovers telah menjadi pelanggan Centro Department Store Summarecon Mall Serpong. Kami Informasikan mulai 03…" • Jan 4, 2021 at 12:37pm UTC". Instagram. Archived from the original on 2021-12-24. Retrieved 2021-03-31.
  31. ^ Novika, Soraya. "Perjalanan Centro Tutup Gerai hingga Dinyatakan Pailit". detikfinance (in Indonesian). Retrieved 2021-05-18.
  32. ^ a b Asia, Inside Retail (2012-08-15). "Parkson hits Myanmar". Inside Retail Asia. Retrieved 2025-10-04.
  33. ^ Asia, Inside Retail (2018-08-24). "Parkson Retail Asia posts loss as sales dive in Vietnam". Inside Retail Asia. Retrieved 2025-10-04.
  34. ^ Asia, Inside Retail (2018-11-19). "Parkson Retail Asia in legal stoush over Cambodia mall failure". Inside Retail Asia. Retrieved 2025-10-04.