This [financial newspaper gimeunji Korea News] gubongeol LF president will spur new growth engines. The 24 days LF opened the 11th Ordinary General Meeting of Shareholders in Gangnam-gu, headquartered in Seoul through some changes bylaws' unyoungeop, Hospitality & Tourism Hospitality, tourists use facility business, recreational cultural and sporting services (theme park unyoungbeop) "it was added to the business objectives.
Proposal to integrate the franchise that recruitment and unyoungeop 'the' restaurants' items were also passed.
Gubongeol Chairman "will do the Dax and hedges, Jill Stuart, such as mega fashion foster efficiency of the profit-oriented management through" on the day shareholders' Being "makes a drastic decision through a re-check of the regular inefficient business lifestyle company I will create a performance management to enhance shareholder value through the review and expansion as new projects, "he said.
According to the fashion industry market was 35 trillion won in 2013 are showing minimal growth, and this year is expected to record 40 trillion. It is difficult to avoid dwaetdaneun flat growth stagnated.
Fashion proportion of total sales accounted for nearly half the current LF is 90%. This is also the background coming diversified portfolio of claims of steady business from the tip.
It adds an LF 'Hospitality' according to the business objectives will be selected as preferred providers of tourist projects to promote the composition Yangyang, Gangwon. Last November, LF has formed a consortium with the LF and Networks signed a business agreement and related Yangyang.
Convention is included stating that contribute to regional revitalization Yangyang built recreational facilities such as shopping malls and hotels. Details gotta operate the LF are achieved when the hotel is in phase, but the actual contract was discussed to add the same business purpose.
LF has previously entered the bar cosmetics business as part of business diversification. LF was launched last June in the Netherlands cosmetics brand 'Greenland'. Greenland is the first beauty brand to brand featuring LF has launched an exclusive business rights through its editing shop 'Around the Corner'. LF after starting the import of Beauty Brands disadvantages 1803 "in France and opened a flagship store in Cheongdam-dong, Gangnam.
For the food and beverage sector was established in 2007 and has expanded its LF-food contact with consumers. LF is Japanese ramen shop "Jaco's' and Seafood Buffet" Makino Chaya "We operate in January has acquired an interest in 'the deolji' professional distribution company imports more than 50% alcohol, and was incorporated as a subsidiary.
Indeol sparkling wine that is very popular among the Bonny in your young consumer groups, a premium tequila page Tron, a global handmade beer, liquor distribution company that specializes in Brewster, including poison income to the national exclusive distribution. LF is a beer distillery plans to establish a factory in Sokcho, Gangwon-do in the second half of 2017 and accelerate to empty small craft supply business.
LF day was in addition to some changes to the Articles of Incorporation according to the original bill the voting agenda, such as last year's financial statements and consolidated financial statements approved by the Directors, Audit Committee, senior director remuneration approved.
The Directors yangjaetaek Law Firm Roots waters Lead Counsel was appointed as the new President and the Audit Committee Outside Director. Also common were one vote per share cash dividend of $ 0.50. Total Dividend is 14.62 billion won, directors remuneration was priced the same five billion won last year.
Last year, sales decreased by 2.7% yoy LF 1.5293 trillion, while operating profit rose 6.6 percent to 79 billion.
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