date:Sep 21, 2018
South Korea: Lotte, Shinsegae in race to acquire Ministop
Korean retail giants Shinsegae and Lotte are vying to acquire 100% stake in Ministop Korea, local unit of the Japan-based convenience store operator, according to industry sources on September 19. The parent companies of Emart24 and 7-Eleven declined to elaborate details of their bid. However, according to sources, the acquisition would be crucial for local conveniences store operators, since further expansion by opening new outlets is di