South Korea: Nestle and Lotte Group to end Lotte-Nestle Korea joint venture
Nestle, the food and drink multinational, and South Korean food group Lotte Wellfood have agreed to end their Lotte-Nestle Korea joint venture by the first quarter of 2026. Initiated in June 2014, the Lotte-Nestle Korea partnership operates as a 50-50 joint venture, manufacturing and distributing Nescafe instant coffee, chocolate powder drinks, fruit powder drinks, pet […]
South Korea: Lotte Group looks to acquire major share in Lahore PepsiCo – reports
Lotte Chilsung Beverage Co, a unit of South Korean retail conglomerate Lotte Group, is expected to acquire a major share in a PepsiCo bottling company in Pakistan, the Maeil Business News reports. Quoting sources from Lotte Group and the investment banking industry, Maeil Business News said that the South Korean firm was reportedly looking to […]