Lotte buys Belgian chocolate maker Guylian

The Korean confectionery company spends $164 million to buy 100% of the Belgian chocolate maker famous for its seashell-shaped pralines.

South Korea's Lotte Confectionery is buying Belgian chocolate maker Guylian for Ç105 million $164 million in the latest instance of Korean companies going overseas for assets.

Lotte Confectionery is part of the Lotte Group, KoreaÆs fifth largest diversified business group. Lotte operates an extensive retail network in South Korea comprising 25 department stores, 56 hypermarkets, 79 supermarkets, 1,750 convenience stores, seven duty free shops, 17 fashion outlets and six fashionhousehold goods stores. The confectionery business started its existence in...

To continue reading, please login or register for free

Click for more on: lotte | guylian

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...