Acquiring Company
Shinsegae
Acquired Company
Lotte Group
Beijing
South KoreaMedia And EntertainmentDescription
Lotte Shopping has agreed to sell its Centum City department store in Busan to rival Shinsegae Group as part of its "select and focus" restructuring. The deal will be completed after review by the Fair Trade Commission, and the store will remain open until then. Shinsegae has submitted documents to the antitrust regulator seeking approval to integrate the two Busan stores.
Who to call at Shinsegae, and when
When Shinsegae changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Shinsegae raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Shinsegae, from your own LinkedIn network
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Frequently asked
Who acquired Lotte Group?
Lotte Group was acquired by Shinsegae, based in Beijing. The deal was reported on October 29, 2026. The company was looking to invest the proceeds of the IPO in its logistics infrastructure and information technology, a report by Yonhap News Agency had stated. Shinsegae is privately held.
When did Shinsegae acquire Lotte Group?
Shinsegae's acquisition of Lotte Group was reported on October 29, 2026. Lotte Shopping has agreed to sell its Centum City department store in Busan to rival Shinsegae Group as part of its "select and focus" restructuring. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lotte Group do?
Lotte Group is a multinational conglomerate company from South Korea. It spans various sectors, including retail, food, and entertainment. The group is known for its extensive network of subsidiaries operating in multiple industries. It is privately held, operating in Media And Entertainment, and is based in South Korea.
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