Tag - Lotte Shopping and E-Mart

Lotte, E-Mart deny bidding for Kim’s Club

Lotte Shopping and E-Mart, two of Korea’s major retail giants, on Monday denied making a bid for smaller hypermarket chain Kim’s Club. “We hereby officially deny media reports that our company is among the bidders shortlisted for the takeover of Kim’s Club,” E-Mart said in a regulatory filing. In a separate filing on the day, Lotte Shopping also denied any bid. Rumors have been brewing as to which of the country’s retailers is among the three bidders shortlisted for the acquisition of the [...]