SOUTH KOREA: Lotte profits jump 13% on sales gains
South Korean retailer Lotte Shopping has booked a 13% jump in first-quarter profits, boosted by a strong sales and operating…
Lotte Shopping
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INDONESIA: Wal-Mart in talks over “Matahari partnership”
Wal-Mart Stores is reportedly in talks with Matahari Putra Prima over a possible partnership to develop the Indonesian retailer's hypermarkets.…
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SOUTH KOREA: Hypermarket earnings boost Lotte FY profits
South Korean retailer Lotte Shopping has booked an increase in full-year profits, driven by "strong" earnings from its department stores…
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INDONESIA: Matahari to retain hypermarket business
Indonesia's largest grocery retailer PT Matahari Putra Prima has announced it will keep its hypermarket business, Hypermart, which had reportedly…
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INDONESIA: “Four firms in running” for Matahari
Indonesian retailer Matahari has said that four firms, including Lotte Shopping, are interested in investing in its hypermarket business, according…
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INDONESIA: Wal-Mart, Casino, Lotte “in running for Hypermart”
Wal-Mart Stores, France's Casino and South Korea's Lotte Shopping have all reportedly advanced to the next round of bidding for…
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INDONESIA: Wal-Mart “joins bidding” for Hypermart
Wal-Mart Stores has reportedly joined the bidding for Indonesian retailer Hypermart. The US retail giant is expected to compete in…
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INDONESIA: Lotte, Carlyle “table bids” for Hypermart chain
South Korea-based Lotte Shopping and private-equity chain Carlyle have reportedly tabled bids for Indonesia retail chain Hypermart. Sources told Reuters…
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SOUTH KOREA: Lotte Shopping Q3 profits up by a quarter
South Korean retailer Lotte Shopping saw earnings jump by over a quarter in the third quarter of 2010 after operating…
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CHINA: Lotte Group to accelerate expansion
The South Korean supermarket giant and department store retailer Lotte Group has revealed a new strategy for the Chinese market,…