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The Korea Herald

Retail & Consumer

October 05, 2018
Chanel Korea starts online platform for cosmetics

[THE INVESTOR] Chanel Korea announced on Oct. 4 that it has started its official online platform for cosmetics. According to the local branch of the French luxury giant, special services including “The art of wrapping,” for customers who buy its product as a gift for others, are provided throug...
October 04, 2018
Korean cosmetics firm Able C&C taps Thailand

[THE INVESTOR] Korean cosmetics company Able C&C said on Oct. 4 that one of its brands A’pieu has entered Thailand as part of its push to expand its presence in Southeast Asia. The company has opened an outlet at a shopping mall in Bangkok and plans to open four more stores in the country by ...
October 04, 2018
Bongousse franchisees red flag sale to Nene Chicken

[THE INVESTOR] Bongousse Rice Burger franchisees have raised objections to its planned acquisition by Nene Chicken, according to news reports on Oct. 4. “We are expanding our presence with our know-how in operating chicken franchise stores and through this acquisition we will create synergies to...
October 02, 2018
Kakao to spin off e-commerce unit for expansion

[THE INVESTOR] Korea’s largest mobile messenger operator Kakao said on Oct. 2 it will spin off its e-commerce unit for further expansion here. The unit will become the largest spun-off entity of Kakao with total assets worth around 510.3 billion won (US$458.6 million) after the process is conclu...
October 02, 2018
Amorepacific’s hair cosmetics brand taps China

[THE INVESTOR] Korea’s beauty giant Amorepacific said on Oct. 2 that its hair cosmetics brand has entered China with an aim to expand its presence abroad. The company said it began selling 34 Mise-en-scene products, ranging from shampoo to treatment and hair mist, at China’s major e-commerce...
October 01, 2018
Hyosung continues global expansion at Intertextile Shanghai 2018

[THE INVESTOR] Korean textile and chemical giant Hyosung Group took part in this year’s Intertextile Shanghai, one of the world’s largest textile conferences to date. Cho Hyun-joon , chairman of the group, met with global partners such as Anta, a leading Chinese sportswear company, and fast-fa...
October 01, 2018
Philip Morris demands Seoul to explain why it finds HNB cigarettes harmful

[THE INVESTOR] Philip Morris Korea announced on Oct. 1 that it has filed a lawsuit seeking the Ministry of Food and Drug Safety to disclose information relevant to its recent analysis of heat-not-burn cigarettes. “This is an attempt to get transparent access to information that the ministry shou...
September 30, 2018
Brand value of leisure firms up, liquor makers down amid new working hours

[THE INVESTOR] The brand value of South Korean leisure-related companies improved in the third quarter, data showed on Sept. 30, while that of liquor firms lost ground. Korea earlier reduced its maximum working hours to 40 hours plus 12 hours of overtime per week from 68 hours in July to reduce c...
September 28, 2018
Retail sales up 6.5% in Aug.

[THE INVESTOR] Retail sales in Korea increased in August from a year earlier, led by robust demand by online stores that are attracting customers with fast delivery and easy transaction services, government data showed on Sept. 28. The combined sales of 26 major offline and online retailers re...
September 28, 2018
E-mart to open premium grocery store in LA

[THE INVESTOR] E-mart, Korea’s largest discount hypermarket chain by sales, said on Sept. 28 it will launch the first outlet of its premium grocery store in Los Angeles next year, the latest in a series of moves to expand its presence abroad. The firm has signed a 10-year contract to lease th...
September 27, 2018
More convenience store owners switch to Emart24

[THE INVESTOR] Emart24, the convenience store chain of retail giant Shinsegae, said on Sept. 26 that the number of storeowners who switched to its brand rose this year. According to Shinsegae, among newly opened Emart24 outlets the number of stores that used to operate under other competing brand...
September 27, 2018
Nestle changes 3 board directors of its Korean unit

[THE INVESTOR] Swiss-based food and beverage company Nestle recently replaced all three board directors of LOTTE-Nestle Korea, a 50:50 joint venture that it established with Korean retail giant Lotte Holdings, according to industry sources on Sept. 27. When the JV was established in 2014, the Kor...
September 27, 2018
IKEA recalls ceiling lamps due to risk of falling shades

[THE INVESTOR] Global furniture giant IKEA said on Sept. 27 it has voluntarily begun recalling ceiling lamps due to safety issues following reports of glass shades falling. The decision affects 432 Calypso ceiling lamps sold in Korea after Aug. 1, 2016, the company’s local unit said. About 1...
September 21, 2018
Market Kurly operator secures W67b investment

[THE INVESTOR] Kurly, operator of popular grocery delivery service Market Kurly, on Sept. 20 announced that it has closed its Series C round having raised 67 billion won (US$60.03 million). “Our Series C round includes around 50 billion won from a consortium led by Sequoia Capital and DST Global...
September 20, 2018
SKINFOOD CEO to sell stake amid suffering biz

[THE INVESTOR] SKINFOOD CEO Cho Yoon-ho is seeking to sell his majority stake in the Korean budget cosmetics brand to a strategic investor before its valuation falls further, according to industry sources on Sept. 20. Currently, Cho is the largest stakeholder with 77.28 percent stake, while the r...

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