SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s midsized shipbuilders have been stuck in a prolonged slump amid weak orders caused by the coronavirus pandemic, and their turnaround is not plausible in the foreseeable future. Three midsized shipbuilders — Hanjin Heavy Industries & Construction Co., Daesun Shipbuilding Engineering Co. and STX Offshore & Shipbuilding Co. [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s food and entertainment conglomerate CJ Group said Friday it is seeking to sell its bakery franchise Tous Les Jours. The group said it has selected accounting firm Deloitte Anjin as a sales manager and is reviewing various options to boost the competitiveness of Tous Les Jours. CJ [...]
VICTOR, N.Y., March 2 (GLOBE NEWSWIRE) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today announced that it has completed the sale of Ballast Point to Kings & Convicts Brewing Co. The transaction includes the Ballast Point brand and a number of its associated production facilities and brewpubs, excluding Constellation’s operations [...]
SEOUL, Jun. 21 (Korea Bizwire) — Sales of Taihan Electric Wire Co., a major cable maker in South Korea, will be put in limbo, industry insiders said Friday, as the Seoul government plans to designate the company’s technologies as national core technologies. The Ministry of Trade, Industry and Energy announced Thursday that extra-high voltage cable [...]
ATLANTA, May 11 (Korea Bizwire) — CP Kelco, a leading global producer of specialty hydrocolloid ingredients, today announced it has completed the sale of its carrageenan plant in Sibonga, Cebu, Philippines, to Marcel Trading Corporation, a carrageenan producer in the Philippines. In May 2017, CP Kelco made the decision to seek a strategic buyer for [...]
TARRYTOWN, N.Y., Sept. 1 (Korea Bizwire) — Westcon-Comstor announced today that its parent company, Datatec Limited, has completed the sale of its North America and Latin America distribution business (“Americas”), as well as a minority share in its Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) business, to SYNNEX Corporation (NYSE:SNX), a Fremont, California-based [...]
SEOUL, Feb. 29 (Korea Bizwire) – The sale of Kim’s Club, a hypermarket chain of South Korean fashion and retail conglomerate E-land Group, has drawn proposals from three bidders, with a preferred bidder to be selected next month, industry sources said Monday. Kim’s Club, the nation’s fourth-largest supermarket chain with 37 outlets, was put up [...]
SEOUL, Nov. 25 (Korea Bizwire) – People love bargain deals. Clearance sales with 80 percent or more off can even lure customers in to buy things they don’t need. That’s why retailers offer “door buster” deals when they need to handle rising stockpiles or attract customers during holiday shopping seasons, such as “Black Friday”, the [...]
SEOUL, Nov.19 (Korea Bizwire) – The ‘original’ Black Friday is just 10 days away, drawing the attention of Korean ‘direct overseas shoppers’ as well as local consumers. After Black Friday, which falls on November 27, and Cyber Monday on November 30, huge sales will continue until the end of the year. During this period, consumers [...]
SEJONG, Oct. 15 (Korea Bizwire) – The first Korean ‘Black Friday’ shopping event, which was initiated by the government and promoted across the country over the past two weeks, ended on October 14. The event was a desperate attempt by the government to boost consumption, with domestic demand frozen and exports low. The promotion benchmarked [...]