The story
Daimaru traces its history to Dai-Monjiya, a dry goods store in Kyoto founded by Shimomura Hikoemon Masahiro in 1717. The name "Daimaru" was first used for a store in Nagoya called Daimaruya, which opened in 1728.
The chain was incorporated in 1907 and reincorporated as Daimaru Dry Goods K.K. in 1920, changing its name to Daimaru in 1928. For several years in the 1960s, Daimaru was the largest retailer in Japan.
In 1960, Daimaru established a subsidiary called Peacock Sangyo. Now known as Daimaru Peacock, it operates 49 supermarkets in the Greater Tokyo Area, 28 in the Kansai region and 8 in the Chūbu region.
International expansion and closures
Daimaru expanded to Malaysia 1942 opening in Penang and later Singapore establishing a presence in November 1983 when Liang Court was opened. Daimaru would later close and reopen in 2003.
Its opened in Hong Kong in 1960 lasting until its exit from Hong Kong in 1998,
In the late 1964, it was the first Japanese department store to open in Thailand, under the name Thai Daimaru.
It opened its first store outside of Asia in Melbourne, Australia in 1991 operating across six levels of the Melbourne Central (in direct competition with Myer and David Jones). A second Australian store announced in 1996 opened on the Gold Coast in 1998. Daimaru announced its departure from the Australian market after nearly a decade of low profits in September 2001 commencing closure of both stores in late 2002.
In 1998, Daimaru entered into a partnership with the French grand couturier Dominique Sirop to produce Dominique Sirop for Daimaru, a high fashion prêt-à-porter (ready-to-wear) label.
From Wikipedia’s article on Daimaru, shared under CC BY-SA 4.0.4