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Lotte duty-free ambitions hinge on S Korea store licence

Published Thu, Dec 15, 2016 · 09:50 PM

Seoul

FIVE bidders covet three lucrative downtown duty free licences to be issued by South Korea on Saturday, and arguably none is more desperate for a win than Lotte Duty Free.

The world's No 3 duty-free retailer's ambitions to one day become the world's biggest operator were thwarted this year by a criminal investigation that forced its parent, Lotte Group, to scrap a multi-billion-dollar IPO. A win on Saturday would all…

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Companies & Markets

Lotte duty-free ambitions hinge on S Korea store licence

Consumer & Healthcare

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

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