NCF Co., Ltd agreed to acquire Global Fashion business segment from Lotte Shopping Co., Ltd. for KRW 27.3 billion.
March 22, 2018
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NCF Co., Ltd agreed to acquire Global Fashion business segment from Lotte Shopping Co., Ltd. (KOSE:A023530) for KRW 27.3 billion on March 23, 2018. The transaction is resolved by the Board of Directors of Lotte Shopping Co., Ltd. The transaction is expected to be completed on June 1, 2018.
Lotte Shopping Co Ltd is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through six segments. The Department Store segment is involved of the installation and operation of department stores such as Lotte Depart Store. The Company operates its department stores within the domestic market and to overseas markets, including Vietnam, Russia, Indonesia and China. The Discount Store segment is involved of the installation and operation of discount stores. The Electronics Store segment is engaged in the sale of home appliances and computers and communication devices. The Super segment is engaged in the operation of supermarkets and the rental of real estate. The Home Shopping segment mainly engages in home shopping and e-commerce business through Internet shopping mall and mobile. The Other segment engages in the businesses including the sale of cosmetics, food and other consumer goods, the operation of movie theaters and others.
LOTTE SHOPPING CO., LTD. 
