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Dermot hopes its courthouse project, where development is already under way and where the costs are expected to reach $194 million, will offer the large modern retail space that many national retailers find hard to come by locally.
Some regulation on the spread of modern retail has begun in Thailand with large-scale retailers facing restrictions on the sites of new stores and opening hours (Gen 2013), but stronger measures will take political will, which may or may not be forthcoming.
Despite the fact that modern retail in China is growing at 50% per year, BCG analysts estimate that modern retailers reach only one quarter of the 500 million consumers who live in or near the 3,000 largest cities and towns.
Like most modern retail ideas, Black Friday is an American import.
The project's red brick buildings use traditional designs to meet modern retail, office and entertainment demands.
It's a huge market but modern retail is new to India," he said.
Thailand's modern retail sector is growing rapidly despite the country's political turmoil.
So-called "fulfilment centres" have become the mills of the 21st century, part of the modern retail landscape.
The store, while small, is certainly not slacking on taxidermy, the pre-eminent staple of modern retail design.
"The challenge is, the industrial architecture of 1960s transportation facilities does not always lend itself to a modern retail world".
Mr Robinson said: "The unfortunate fact remains that HMV's proposition has become increasingly irrelevant in the modern retail landscape".
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