Nestlé, Lotte Wellfood to end South Korea venture
Nestlé and Lotte Wellfood are to wind down their joint venture in South Korea. Lotte-Nestlé Korea, set up more than…
Lotte Confectionery
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Lotte Confectionery eyes further global expansion with name change
South Korea’s Lotte Confectionery Co. is rebranding as Lotte Wellfood to “reflect its renewed business strategy”, which revolves around further…
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Lotte Confectionery to build Havmor Ice Cream factory in India
South Korea’s Lotte Confectionery is investing KRW70bn (US$56.9m) to build an ice-cream factory in India. The cash will be funnelled…
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Lotte seals deal for Myanmar bakery firm L&M Mayson
Lotte Confectionery has secured the acquisition of a majority stake in Myanmar bakery business L&M Mayson, adding food manufacturing to…
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Lotte Group in major expansion of Russian operations
South Korean confectionery giant Lotte Group has announced a major production expansion of at its plant in Kaluga, western Russia, which…
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PepsiCo launches Quaker in South Korea
PepsiCo is launching a line of Quaker products in South Korea for the first time after striking a deal with…
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Lotte Confectionery to buy India’s Havmor Ice Cream
South Korea's Lotte Confectionery has struck a deal to buy India-based Havmor Ice Cream. The acquisition marks the entry of Lotte…
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Lotte announces company revamp
South Korea's Lotte is to create a new united investment wing, under a major restructuring of the group. The overhaul…
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Lotte leadership ‘indicted over embezzlement accusations’
South Korean prosecutors have reportedly indicted 22 Lotte officials, including founder Shin Kyuk-Ho and current chairman Shin Dong-bin, over corruption…
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More raids at Lotte Group amid bribery allegations
Lotte Group, the South Korea-based conglomerate with interests in food sectors including confectionery, dairy and ice cream, reportedly saw fresh…
