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Lotte might sell its supermarkets in China if tension continues

74 of its 99 Mart stores in China have already been closed by fire authorities over safety violations

Published Mon, Sep 11, 2017 · 09:50 PM

Seoul

SOUTH Korea's Lotte Shopping is considering selling its supermarkets in China and other options should political tensions between Seoul and Beijing continue next year, an official at the retailer told Reuters on Monday.

"It is natural that we should have various alternatives, but no discussions or decisions have been made regarding detailed plans," the offi…

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China

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Companies & Markets

Lotte might sell its supermarkets in China if tension continues

KEYWORDS IN THIS ARTICLE

Consumer & Healthcare

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

P&G raises annual core profit forecast on resilient demand, price hikes

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

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

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