SEOUL, Aug. 31 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its plan to hive off the cinema department into a separate company has been postponed due to a court decision. In June, the company’s board members approved the plan to spin off its cinema business as a subsidiary [...]
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 [...]
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 [...]