Lotte Shopping Archives | Be Korea-savvy
Lotte to Unify Its Fashion Businesses Under Apparel Arm

Lotte to Unify Its Fashion Businesses Under Apparel Arm

SEOUL, Apr. 4 (Korea Bizwire) — South Korean retail giant Lotte said Wednesday it will unify the management of its scattered fashion businesses under the group’s apparel affiliate to improve its competitiveness in the local market. Lotte Shopping Co., the operator of the conglomerate’s department store chain, has decided to transfer its global fashion business [...]

Lotte Scion to Sell Most of Stakes in Key Affiliates

Lotte Scion to Sell Most of Stakes in Key Affiliates

SEOUL, Sept. 12 (Korea Bizwire) – Lotte Group founder Shin Kyuk-ho’s eldest son will sell most of his stakes in the South Korean retail giant’s key affiliates as an objection to the group’s latest decision to set up a holding company, his representatives said Tuesday. Shin Dong-joo, the former vice chairman of Tokyo-based Lotte Holdings, [...]

Lotte Shopping’s Cinema Business to be Spun Off Into Separate Company

Lotte Shopping’s Cinema Business to be Spun Off Into Separate Company

SEOUL, June 8 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its cinema department will be hived off later this year, a move it says will boost each unit’s business competitiveness. During a regular board meeting Thursday, the members approved the plan to spin off the company’s cinema business [...]

Lotte Shopping Plans to Sell Retail Buildings to Improve Financial Standing

Lotte Shopping Plans to Sell Retail Buildings to Improve Financial Standing

SEOUL, Nov. 7 (Korea Bizwire) – Pushed by poor credit ratings by international rating agencies, Lotte Shopping plans to accelerate the process of improving its financial standing by selling retail properties. According to retail industry sources, Lotte Shopping, retail operator of Lotte Group, is in talks with Capstone Asset Management, an asset management firm specializing in [...]