Deals
Lotte Considers Selling China Malls Amid Anti-Korean Sentiment
- Disposal is among options Lotte is reviewing in Chinese market
- Lotte Confectionery is also examining its options in country
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Lotte Group, reeling from a wave of anti-Korean sentiment in China for more than a year, is considering selling some of its department stores in the country, a move that would accelerate the conglomerate’s withdrawal from the world’s second-largest economy.
The sale of some of Lotte Shopping Co.’s five malls is among options being reviewed in the country, a Lotte Group spokesman said, in response to an earlier Chosun Ilbo report. Lotte Confectionery Co., which has three factories in China, is also reviewing its business there, the representative said.