E-land

Retail Asia20/12/2019

South Korean retail giant E-mart is closing loss-making specialty stores as it responds to falling sales in a gloomy retail market. After closing outlets in its discount Pierrot Shopping network in July, the company is now looking at trimming the network further. “We’re considering closing the Pierrot Shopping store in Myeong-dong in order to enhance […]

Retail Asia28/11/2019

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South Korean conglomerate E-Land Group is pulling its OTZ Shoes brand from the US market, six years after buying it. E-land Group, through its subsidiary E-Land USA Holdings, bought the California-based OTZ Shoes at US$8.5 million in 2013. But now, the conglomerate has decided to withdraw the brand from the country and develop it in […]

Retail Asia06/08/2018

South Korean fashion and retail group E-Land is surrendering its Coffee Bean & Tea Leaf China franchise licence. The move is expected to improve the conglomerate’s reportedly strained cash-flow situation and mark a more focused approach to retail. It comes after expanding the franchise to 17 locations in China over the past two years. It […]

Retail Asia07/02/2018

Singapore’s sovereign wealth fund GIC has injected KW100 billion (US$91 million) into Korean retail major E-Land Group. The round was part of a KW200 billion investment led by Hong Kong-based Anchor Equity Partners. With interests in malls, restaurants, theme parks, hotels and construction businesses, E-Land has built its cornerstone on fashion apparel. This latest infusion […]

Retail Asia31/01/2017

The deal with V-Grass represents the biggest cross-border merger and acquisition agreement in Korea’s fashion industry. E-Land Group said proceeds from the sale will help the company reduce its debt level to 240 percent by the first quarter from the current level, which is above 300 percent. The final price is lower than the previously […]

Retail Asia03/01/2017

E-Land Group, headed by Chairman Park Sung-su, is fiercely refuting the Korea Investors Service’s latest credit downgrade of its holding firm, E-Land World, vowing to file a lawsuit against the ratings agency affiliated with the U.S.-based Moody’s. Officials at the mid-tier fashion-and-retail business group argued that the ratings agency’s assessment was flawed, calling on the […]

Retail Asia14/12/2016

South Korea’s Hyundai Department Store is buying trading company SK Networks’ fashion business for KRW326.1 billion (US$284 million). When the purchase is complete, probably by February, SK Networks (SKN) will no longer have interests in the fashion industry. The two companies have signed a deal to merge SKN’s 12 fashion brands into Hyundai’s Handsome fashion […]

Retail Asia21/11/2016

South Korean apparel brand Eland plans to develop ten shopping centers in China before the end of 2016. Eland started tapping the shopping center market in China from January 2016. By cooperating with Parkson, the company aims to transfer traditional department stores into city outlets. For the next step, Eland will cooperate with other department […]

Retail Asia11/04/2016

A US private equity giant is the successful bidder for South Korean hypermarket chain Kim’s Club, part of the fashion and retail conglomerate E-Land Group. Named the preferred bidder for Kim’s Club, Kohlberg Kravis Roberts (KKR) will now discuss with E-Land the acquisition of the right to run the 37 hypermarkets as well as the […]

Retail Asia28/08/2015

South Korean retailer E-Land has sealed a deal to launch Coffee Bean China by the end of 2015. The California-headquartered cafe chain, also known by its full name Coffee Bean & Tea Leaf, says China will be its 28th international market. The China joint venture plans 700 cafes across the country. It has already achieved […]

Retail Asia26/08/2015

South Korean retailer E-Land says its first full scale store in Taiwan’s capital Taipei drew 80,000 shoppers in its first week. Collectively, they spent US$843,000 in the week-long trial opening. E-Land opened its first Taiwanese boutique as a concession inside the Taipei 101 skyscraper last September. That helped build brand awareness in the city. Now […]

Retail Asia08/06/2015

Just a few days shy of the deadline to apply for a Seoul duty-free business license, E-Land announced plans to join the fray. The conglomerate, whose businesses span from retail and fashion to restaurants, said Thursday that it plans to build a duty-free shop at a property near the hip Hongik University area in Mapo […]

Tag: E-land

E-Land shutters stores as profit tumbles

South Korea’s E-Land Group completes US shoe business exit

E-Land to stop selling Coffee Bean & Tea Leaf in China

E-Land Group to get US$91 million fund injection

Teenie Weenie deal is a big one

E-Land refutes credit downgrade

Hyundai buying SK Networks’ fashion sector

Korea’s Eland Aims At Ten Shopping Centers In China In 2016

US buyer for Korea’s Kim’s Club

E-Land to launch Coffee Bean China

Taiwanese embrace E-Land concept

E-Land ready to rumble for a duty-free license