Handsome, SK Networks signed a final agreement to acquire 300 billion won in the fashion sector

[Korea gimeunji financial newspaper reporter Hyundai Department Store Group based fashion firm Handsome finalize the acquisition of the fashion division of SK Networks jobs and sets out a full-scale operation.

Handsome has signed a final purchase agreement for the entire April 28, SK Networks said fashion business day. The final acquisition price is 3000 billion. Handsome signed a sales agreement is also positive for the full year, SK Networks fashion division, after recently conducted a due diligence process to.

Handsome said, "it has signed a contract with SK Networks fashion sector imported brands The sales positive also in the contract process" and "especially transitions contract period long-term and secured improve royalty payment terms for business stability and profitability," he said.

Handsome The final acquisition agreement entered into by its subsidiary, Handsome global and SK Networks Fashion businesses held by imported brands Tommy Hilfiger · DKNY · CK · Club Monaco, throwing away how, American Eagle, the domestic brands objects, Oz Second through modern Jian F. corporation Second floor Lounge · · · Luz and were 12 such SJYP · operate the yoni Steve J & P.

Handsome as SK Networks has acquired fashion sector finalizing plans to get into a full-fledged brand rebuilding 'work.

First, objects, launches Oz Second, Second floor, including redevelopment of the SK Networks brand of women's fashion sector. · SJSJ systems such as Lee Myung-jin casual business manager in charge of women's casual brand (Managing Director) and Handsome global womenswear responsible for it was appointed as creative director (CD). The part to re-establish the brand identity and strengthen the sangpumryeok.

By another for more than 10 years, SK Networks recruited led jojunhaeng representative of the fashion business, Tommy Hilfiger · DKNY · CK, such as secured her popularity and diversify the distribution channels of imported brand, expand product lines differentiated value by brands the initiative reassuring customers.

In addition, Hyundai Department Store Group is planning to invest over the next five years, SK Networks MD competitiveness and infrastructure, including 200 billion won over the fashion business in the fashion sector to raise the fashion industry as a key growth driver for the group.

Hyundai Department Store Group official said, "The SK Networks to enhance its competitiveness through its own fashion brand large investments over a long period of time based on the fashion business-related resources and capabilities of the group, also it plans to maximize synergies and Handsome fashion business."

The proceeds of Handsome Handsome subsidiary of the global and modern Jian F. promotions targeted at the fashion division of SK Networks SK Networks 12 Fashion up to 5 days before coming to celebrate the brand acquired two brands. 10% discount to customers who purchase the product in 12 brand stores during the promotion period, they provide 10% additional mileage.

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Lotte today, the Council seems to determine the final offer document Saad grounds

[Korea gimeunji financial newspaper reporter] Lotte Group today (27) afternoon to open the Council is expected to confirm a plan that provides a golf course in North Gyeongsang Seongju altitude missile defense system (Prasad · THAAD) site. If the final agreement, the contract immediately or no later than 28 days after the Department of Defense and the land exchange is in fact the Board of Directors Saad land issue is concluded.

Lotte and the Pentagon agreed to swap land owned by the group in Namyangju, Gyeonggi Golf and Lotte lord November. But the opposite Lotte China is pressuring Saad placed on the peninsula, and has fashioned a setback to the land exchange.

Open the past three days Lotte Trading is held by the Board of Directors have reviewed the validity of the transaction lord Golf changing the lord golf course and Australasia had gunyongji is the conclusion.

Lotte side to consider, such as pre-coordination with Ministry of Defence and relations with China, both the Board of Directors For more information, including schedule and under to keep private. Lotte, Lotte or unknown side of the board can make any decisions that turn "as the request is related to national security, we will cooperate as much as possible as a Korea company" has been revealed to the position. Since the internal Lotte becoming jeomchyeo be collected to provide feedback to the lord Golf Saad placement site.

But even naeryeoteum conclusions Lotte internally economic retaliation threats posed by China's Saad place will inevitably be annoying.

The last 21 days to see a ring on the Korean Peninsula, China's state media Kushiro Saad placement decisions, "If you can not change the Lotte position to leave China," he warned, "will deteriorate more and more business outlook, including duty-free imports of Lotte". 19 days, the official Xinhua news agency of China has blamed "will deteriorate more and more business outlook, including duty-free imports of a Lotte, they are playing with fire."

Is a China-related business is sales of 6 trillion won for Lotte. Last year, sales figured in the Chinese subsidiary is about 3.2 trillion, Lotte Duty Free Shop in the Chinese rate of over 70%, sales were a record 3 trillion won level. In addition, Chengdu and Shenyang area Lotte World theme park and the town project to create a large shopping malls, hotels, residential complexes, etc. In the nearly three trillion won is being conducted.

The end of November last year, China Lotte Department Store 150 sites, including five stores, 116 stores of Lotte Mart holds a sanitation inspection, investigation and fire safety, there is also a bar later that audits are conducted simultaneously, such as unusual airflow. China's business fire inspection is a powerful means of sanctions, as well as penalties and corrective measures can go up to discontinued operations.

Dwaeteumyeo high strength survey conducted by the China plant over the same period Lotte Confectionery and Lotte Chemical, Lotte Castle, some model houses were closed up to the requirements. In addition, late last year, Chinese authorities ordered the construction suspended action of Shenyang Lotte Town. The department has already completed and youngpeulraja etc., or during normal operation and construction of the theme park and the apartment was in progress for completion in 2018 aiming It took braking.

Recently tightened restrictions on Korean, the Chinese government has analyzed that the actions of the Chinese government are associated with Saad place out.

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Pentagon "Lotte, Saad Exchange final approval grounds ... 28 days Contract "(comprehensive)

[Korea gimeunji financial newspaper reporter] Kyungpook seongju county chojeonmyeon Lotte Sky Hill CC (Golf lord), owner of Lotte Trading has 27 days to open the Board of Directors also approved the archaeological sites offer the agenda missile defense (THAAD · Sadd). The biggest stumbling block was the land exchange discussed the issue of the Korean Peninsula as mentioned Saad June 2014 resolved batch was terminated after two years and eight months.

Pentagon "was passed stating that the Board of Directors approved the results Sadd held land exchange arrangement Lotte side" PM 27 days and "will be signed as early as tomorrow about the golf course side lord and land exchange agreement," he said.

In November last year the Bulldogs and the Pentagon agreed to exchange military-owned land in Namyangju, Gyeonggi Golf and Lotte lord. Since the result of the proceeding appraisal value of 1.48 million ㎡ lord golf course it is said to be less than 1000 billion. Information exchange agreement is passed to the Department of Defense released the Lotte Namyangju gunyongji as much as corresponding to the same value instead of receiving the lord golf course grounds.

While the official price of Namyangju gunyongji 200 000 140 000 000 000 ㎡ is reportedly much more expensive than the lord golf course in a circle. The Defense Ministry plans to split the Lotte area corresponding to the official price of the golf course.

The Defense Ministry is planning to complete this year placed on the Korean peninsula Saad, the United States reportedly simultaneous advance the design of the bag Saad, facility construction during the period of the environmental impact assessment the Pentagon to accelerate the timing of the possible combat deployment.

Initially in November, but the Bulldogs and the Pentagon agreed to exchange the lord group owns land opposite the golf course and Australasia and China is pressuring Saad place in Lotte and has fashioned a setback to the land exchange.

Lotte held the lord golf the last three days trading is open the state is the conclusion the Council did examine the feasibility of the deal, but changing the lord gunyongji golf course and Australasia.

Chinese media have been openly threatened that there will be a disadvantage when to provide Lotte Saad grounds. The last 21 days to see a ring on the Korean Peninsula, China's state media Kushiro Saad placement decisions, "If you can not change the Lotte position to leave China," he warned, "will deteriorate more and more business outlook, including duty-free imports of Lotte".

No later than 19 days, the official Xinhua news agency of China has blamed "will deteriorate more and more business outlook, including duty-free imports of a Lotte, they are playing with fire."

Since the approval of the Council observed that the results of the day, Lotte, Lotte Department of Defense rather than side by side, which also measures under consideration Lotte China's economic retaliation threats published in the press. In addition, the Pentagon official side anatdamyeo exchange contracts not signed for Lotte after Board approval process has shown a cautious response.

If the land exchange contract is a lord Lotte golf course is expected to be designated as a military reserve. After the contract signing, the Bulldogs and the Department of Defense is expected to be the actual design, construction, etc. 5 ~ Sir Saad place as early as July, the speed comes attached to the technical requirements are completed.

The United States does not create new lord Sad sacks on the golf course. Lotte Golf lord has said to one bag of Saad four sacks in operation in Texas is moved deployment.

Meanwhile, swapping it for approval to the lord Lotte golf courses and group-owned land and the possibility of including fire inspections and audits for my views anthropogenic subsidiary of Lotte China resumed holding his head. In particular, China March 15 possibilities can not be ruled out also dealt Day of Consumers' consumer complaints in the related products as Lotte programs are focused coming.

Chinese authorities have recently Lotte bar is about 3 trillion won spent being promoted in Shenyang, China "Chinese version of Lotte World Town" after the fire inspection stop project construction measures.

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