Posted inAT FinanceBeijingChinaNortheast AsiaSouth KoreaThailand

Lotte in talks with several firms to sell discount chain

Lotte Group, South Korea’s retail giant, is in negotiations with multiple firms to sell its discount store chain in China after heavy losses brought on by diplomatic tensions between Seoul and Beijing, an unnamed industry source told Yicai.com on Monday. Lotte has begun talks with around five foreign investors who expressed interest in the group’s […]