日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Lotte Mart to exit the Chinese market

Ecns.cn | Updated: 2018-10-18 11:10
Share
Share - WeChat
A Lotte Mart in Beijing, Feb 28, 2017. [Photo/China Daily]

South Korean supermarket chain Lotte Mart, which was once popular in China, will reportedly completely leave the Chinese market by the end of the year.

Lotte Mart started operations in China in 2004, and set up 112 retail stores in 11 years, but as of now, the company has sold 93 of its retail stores, and the remaining stores that were not sold are planned to be shuttered before the end of the year.

On July 13, 2018, Lotte Shopping Holdings (Hong Kong) Co Ltd transferred its 716 million yuan stake in Lotte Mart to Chinese supermarket chain Wumei Holdings Inc for 444 million yuan and lost ownership over its 21 stores in Northern China.

Previously, Liqun Commercial Group from China's eastern Shandong province announced that it had acquired Lotte Mart's 72 stores and 15 properties in Eastern China.

Neither Wumei nor Liqun have any intention of using Lotte Mart as their trademark. Cui, from the public relations department of the company, verified this information and noted that "(Lotte Mart) has initially determined that it will completely withdraw from China during 2018".

The company went on record as saying that 74 out of its 112 stores in the country were ordered to close because of fire safety violations, and the 13 other outlets settled on suspending business at their own discretion.

However, according to a financial report of Lotte Mart's parent company Lotte Shopping, in 2017 alone, Lotte Mart's loss in China reached up to 268 billion won ($2.37 million), and since the second half of 2016, its total loss in China has shot up to nearly one trillion won ($880 million). This has been partly blamed on a boycott on Korean goods by Chinese shoppers over last year's THAAD missile controversy.

When asked about Lotte Mart's plans for the future, Cui did not give a clear reply. She only emphasized that "the superior resources will be integrated and adjusted across the globe to launch business model catered to each market".

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产亚洲精品一区二区 | 色综合天天色综合 | 精品一区二区久久久久久久网站 | 国产高清美女一级毛片 | 夜夜撸日日操 | www.av在线| 国产大片在线观看 | 激情五月婷婷 | 性高湖久久久久久久久aaaaa | 午夜在线观看视频 | 日本成人一区二区三区 | 天天色天天射天天操 | 五月婷婷激情网 | 亚洲日本视频 | 国产一级做a爰片久久毛片 欧美一区欧美二区 | 亚洲最色| 日韩经典欧美一区二区三区 | 天干夜天天夜天干天国产电影 | 夜夜操免费视频 | 久草久草在线视频 | www.五月婷婷| 全黄裸片武则天一级第4季 亚洲一区国产 | 欧美精品一区二区三区在线 | 久久精品国产第一区二区 | 日韩免费视频播播 | 2022国内精品免费福利视频 | 国产一级毛片高清视频完整版 | 精品亚洲一区二区三区四区五区 | 久久综合影院 | 婷婷的久久五月综合先锋影音 | 国产精品久久久久久日本一道 | 午夜色大片在线观看 | 99久久精品国产一区二区三区 | 日本高清色www | 婷婷综合国产激情在线 | av免费不卡国产观看 | 天天看天天爽天天摸天天添 | 日韩女同一区二区三区 | 婷婷国产精品 | 天天爱天天做久久天天狠狼 | 精品AV一区二区三区久久 |