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Lotte's woes deepen after losing licence for duty free shop

Hotel Lotte, which runs duty free business, to go ahead with planned IPO; family feud continues

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Troubled South Korean retail giant Lotte, already struggling with a prolonged founder-family feud, has seen its business woes deepen with the loss of the state licence for one of its biggest duty free shops ahead of a key initial public offering (IPO).

Seoul

TROUBLED South Korean retail giant Lotte, already struggling with a prolonged founder-family feud, has seen its business woes deepen with the loss of the state licence for one of its biggest duty free shops ahead of a key initial public offering (IPO).

The country's fifth...