Posted inChina, Hong Kong, Northeast Asia, South Korea

Struggling Lotte Mart finds Chinese buyer

After South Korea’s largest retailer E-mart exited the Chinese market, another Korean retail giant Lotte Mart is also gradually finding its way out, Liqun Commercial Group, a Chinese department store operator, said it is planning to acquire 12 wholly-owned subsidiaries of Lotte Shopping Holdings Co. Ltd., including two firms in Hong Kong and ten […]

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