View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 14, 2006

KOREA: E.Land’s Carrefour acquisition approved, new name announced

The South Korean competition regulator, the Fair Trade Commission (FTC), has approved Korean clothing company E.Land Corporation’s acquisition of the South Korean unit of French retailer Carrefour.

The South Korean competition regulator, the Fair Trade Commission (FTC), has approved Korean clothing company E.Land Corporation’s acquisition of the South Korean unit of French retailer Carrefour.


The sale, which was announced in April, has been approved on the condition that E.Land sells three stores in three designated areas within six months from the date of completion.


E.Land will acquire Carrefour’s 32 outlets in South Korea, making E.Land the nation’s third-largest chain.


E.Land today (14 September) announced its intention to rename the discount chain Homever.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU