Lotte's retail headquarters set to take off Lotte Group's eight affiliates under the headquarters
Translated by Kim So-in 공개 2022-03-21 08:13:22
이 기사는 2022년 03월 21일 08:08 thebell 에 표출된 기사입니다.
Lotte Group’s retail headquarters, led by new head Kim Sang-hyun, is set to take off to be a control tower overseeing the group’s eight affiliates.Lotte Group’s retail headquarters consists of eight companies ― Lotte Shopping, Lotte HiMart, Woori Homeshopping, which operates Lotte Homeshopping, Korea Seven, FRL Korea, Lotte GFR, STL and Lotte Members. The headquarters has signed business agreement with these affiliates and set up the foundation to act as a control tower.
Among the affiliates included in the retail headquarters are both subsidiaries of Lotte Shopping and affiliates that are not affiliated with Lotte Shopping. Korea Seven and Lotte Members will be under direction of the retail headquarters. Lotte Corp is the largest shareholder of Korea Seven and Lotte Members, with 80% and 94% stakes, respectively. Lotte Shopping is the largest or major shareholder of other affiliates under the retail headquarters.
The retail headquarters seeks to create synergies between fashion affiliates like FRL Korea, which operates Japanese casual clothing brand Uniqlo here, Lotte GFR and STL and Lotte’s retail affiliates. It also has put Lotte Members under its wing, which manages L.Point, a comprehensive membership service for customers of all Lotte Group subsidiaries.
Under the retail headquarters, there are divisions including management strategy, business operations, human resources innovation, financial innovation, marketing strategy and digital innovation center. Hyun Eun-seok, former chief technology officer (CTO) of eBay Korea was as appointed as the new CTO of Lotte’s retail headquarters.
Affiliates’ finances are expected to be more tightly managed under the headquarters system. Jang Ho-ju, the head of the financial innovation division, will be in charge of establishing affiliates’ financial strategies. Lotte Shopping chief financial officer Choi Young-jun will oversee finance divisions of department store, hypermarket chain, supermarket chain and e-commerce businesses. (Reporting by Hyo-beom Lee)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
- 롯데, 유통군 '8개 계열사 구축' 컨트롤타워 HQ 윤곽
- 롯데지주 "계열사 CFO '유동성' 확보하라"
- Lotte Corp to establish Lotte Healthcare
- Lotte Shopping's e-commerce business under question
- Lotte Corp keeps searching for ways to enter bio business
- Lotte's new vice chairman likely to eye more M&A for future growth
- Lotte Department Store offers first-ever voluntary early retirement program
best clicks
최신뉴스 in 전체기사
-
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”
- 큐브엔터, 우량기업부 승격 "재무·실적 등 반영"
- 굿닥, 삼성생명과 헬스케어 마케팅 '맞손'
- [한경협 파이낸셜 리포트] 청산절차 한경연, 마지막 실적에 남은 '싱크탱크' 흔적
- LS전선, 자회사에 자금 지원 '구리 신소재사업 속도'