Goldman Sachs to Handle Lotte Mart Sell-off in China

  • By Chae Sung-jin

    September 15, 2017 12:05

    Lotte Mart has chosen Goldman Sachs to manage the sell-off of its 99 stores in China as chicanery and an unofficial boycott caused it billions in losses.

    Until recently Lotte had planned to sell off only the worst-hit stores in China, but now it seems they will all go.

    Check-in counters of Chinese airlines are deserted at Incheon International Airport on Thursday. /Newsis

    "Although we have not reached a decision on the scale of the asset sell-off, we are not ruling out the possibility of selling all Lotte Mart stores in China," a staffer said.

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