Hanwha Galleria Timeworld to sell luxury stuffs
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Department store operator Hanwha Galleria Timeworld is opening its second Galleria Luxury Hall next year. In benchmarking its first main store in southeastern Seoul, the owners are seeking to draw luxury French and Italian brands to trade alongside fine dining F&B operators. The store’s facade will undergo renovations with the aim of becoming a landmark building.
A statement from Hanwha Galleria claimed the Timeworld branch is seen as the top department store in the area since its acquisition in 2000. Within the past decade, the firm has seen 7 per cent annual growth on average in sales.
Questions & Answers
Q.Which brands is Hanwha Galleria Timeworld hoping to attract to its new store?
Which brands is Hanwha Galleria Timeworld hoping to attract to its new store?
The owners are seeking to draw luxury French and Italian brands to trade alongside fine dining F&B operators at the second Galleria Luxury Hall.
Q.What is the primary objective of the renovations to the store's facade?
What is the primary objective of the renovations to the store's facade?
The store's facade will undergo renovations with the aim of becoming a landmark building. This is part of the plan for the new Galleria Luxury Hall.
Q.How has Hanwha Galleria Timeworld's sales performance been over the past decade?
How has Hanwha Galleria Timeworld's sales performance been over the past decade?
Within the past decade, the firm has seen 7 per cent annual growth on average in sales. This indicates consistent performance for the department store operator.
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