Seibu's first foray in Indonesia as Jakarta Seibu was opened in 1995 in the Mega Pasaraya (now Pasaraya Blok M) complex, located near a busy terminal, Blok M, in Jakarta. It occupies four levels of the eight-story building, offering upscale shopping experience for the upper-class, with an atrium at the centre. The department store is operated by ALatief Corporation (formerly PT. Pasaraya Nusakarya), a company that manages a major local department store, Pasaraya. The two department stores are adjacent and a pedestrian bridge connects the buildings. The department store, widely regarded as one of the most luxurious to ever open in the nation, had in-store boutiques of brands such as Yves Saint Laurent, Aigner, Versace, , Kenzo, Escada, Trussardi, and more - completed by beauty counters of Prada, Dior, etc. However, due to the 1997/8 recession and location, Jakarta Seibu failed to attract its targeted market along with numerous factors, and closed down in 1999.