French retail giant Carrefour has identified two firms, Lotte Mart and Samsung Tesco, as the preferred bidders for its 32 outlets for sale in South Korea.
According to Korean and international reports, the sale of Carrefour’s Korean units could generate as much as US$1.53bn for the French retailer.
Lotte Mart is a unit of South Korea’s largest department store operator, Lotte Shopping. Samsung Tesco is a joint venture between the Samsung Group and the UK’s Tesco.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
