Lotte Confectionery eyes further global expansion with name change
South Korea’s Lotte Confectionery Co. is rebranding as Lotte Wellfood to “reflect its renewed business strategy”, which revolves around further…
Lotte Confectionery
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Lotte Confectionery to build Havmor Ice Cream factory in India
South Korea’s Lotte Confectionery is investing KRW70bn (US$56.9m) to build an ice-cream factory in India. The cash will be funnelled…
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Lotte seals deal for Myanmar bakery firm L&M Mayson
Lotte Confectionery has secured the acquisition of a majority stake in Myanmar bakery business L&M Mayson, adding food manufacturing to…
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Lotte Group in major expansion of Russian operations
South Korean confectionery giant Lotte Group has announced a major production expansion of at its plant in Kaluga, western Russia, which…
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PepsiCo launches Quaker in South Korea
PepsiCo is launching a line of Quaker products in South Korea for the first time after striking a deal with…
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Lotte Confectionery to buy India’s Havmor Ice Cream
South Korea's Lotte Confectionery has struck a deal to buy India-based Havmor Ice Cream. The acquisition marks the entry of Lotte…
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Lotte announces company revamp
South Korea's Lotte is to create a new united investment wing, under a major restructuring of the group. The overhaul…
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Lotte leadership ‘indicted over embezzlement accusations’
South Korean prosecutors have reportedly indicted 22 Lotte officials, including founder Shin Kyuk-Ho and current chairman Shin Dong-bin, over corruption…
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More raids at Lotte Group amid bribery allegations
Lotte Group, the South Korea-based conglomerate with interests in food sectors including confectionery, dairy and ice cream, reportedly saw fresh…
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BRICs and beyond: Is there still opportunity in China’s biscuit market?
China's biscuit market has seen rapid growth in recent years. However, as the category matures the pace of expansion is…
