date:Sep 11, 2013
Shinsegae Department Store is looking for ways to hand over its premium food businesses to Shinsegae Food. The department store operator said on September 8 that it would transfer ownership of its four foreign brands, including Dean DeLuca and Waitrose, to the group affiliate. Of these, Waitrose has seen its sales revenue triple since the launch in August last year.
A Shinsegae Department Store official said, Our decision is based on a judgment that it is best to delegate management of food bu