Lotte Department Store is offering early retirement packages for employees who have been with the company 20 years or longer.
Lotte Shopping’s plan to buy a stake in Hanssem, the largest furniture seller in Korea, through a private equity group is expected to generate synergy effects for the Lotte Group that go beyond retail channels.
Zoos and aquariums now offer much more than exotic animals and ocean creatures. Gone are the days in the 1980s and '90s when zoos and theme parks would display animals purely for entertainment purposes, even allowing visitors to pet some of them.
Lotte Shopping was selected Friday as a strategic partner by IMM Private Equity in its acquisition of Hanssem.
Lotte Shopping is investing 299.5 billion won ($260 million) as part of a bid to acquire a stake in Hanssem, Korea’s largest furniture company.
Models dressed in 1960s-style school uniforms walk past black-and-white photo images displayed at Lotte Tower’s observatory Seoul Sky in Jamsil, Seoul, on Tuesday
Lotte Chemical said Tuesday it will build a pilot plant to mass produce hydrogen storage tanks, a key part of fuel-cell electric vehicles (EVs), in a move to ramp up efforts to boost its hydrogen business.
Lotte Shopping is opening a premium outlet mall in Uiwang, Gyeonggi, that promotes the themes of nature and healing.
Lotte Himart plans to start a secondhand service starting next month for both buyers and sellers.
Lotte Shopping is considering joining a bid for a stake in Hanssem, Korea’s largest furniture company.