In brief
Lotte Confectionery founder dies
Lotte Group officials say Shin Kyuk-ho died on Sunday in a hospital in Seoul.
Lotte
Asia
Lotte confectionery announces major push in Japan with almost $1.2bn investment
Tourism and an aging local population make premium ice cream, chocolate and candy lines an attractive choice for consumers.
Lotte Confectionery partners with DKSH to expand in Singapore
Lotte has partnered with DKSH, a market expansion services provider, to expand its confectionery products’ footprint in Singapore.
News in brief
Lotte Confectionery invests $19.98m in building manufacturing plant in Russia
Lotte Confectionery will invest 22.3bn won (around $19.98m) in building a new manufacturing facility in Russia.
Big data: Which brands top confectionery sales in Beijing?
Trade body China Candy has collected February confectionery data from thousands of retailers in Beijing.
Lotte to face 'severe consequences' if it allows US missile system, warns China
China’s state media outlet Xinhua has urged Lotte to reject a US missile system on a golf course owned by the Korean conglomerate or face "severe consequences".
Lotte’s probiotic chocolate success highlights functional potential in Japan
Functional chocolate is poised to contribute to market growth in Japan based on the success of Lotte’s Sweet Days chocolate, says market analyst Canadean.
Strong growth prospects in Asia’s snack stick market, says Euromonitor
Snack sticks are enjoying a surge in Asia as new entrants enter the category with smaller pack sizes and innovative flavors, writes Euromontior analyst Emil Fazira Bte Kamari.
Lotte Confectionery found guilty of copying Japanese packaging design
Lotte Confectionery, part of Lotte Group, South Korea, has allegedly been found guilty of copying a Japanese snack maker's package design, according to a hearing at Seoul Central District Court.
Roshen owner wins Ukraine election: Long live the president! But will his choc firm get the chop?
If Petro Poroshenko sells his chocolate firm Roshen following his Ukrainian presidential victory, Lotte is the most likely buyer, says Mintel analyst.
Lotte eyes Choco Pie growth in India with third plant
Korean confectioner Lotte plans to accelerate its Choco Pie brand in India with a third factory.
Lotte finalizes deal for Kazakh confectionery firm
Korean confectioner Lotte has overcome regulatory hurdles to acquire a 76% stake in Kazakhstan-based firm Rakhat.
Lotte eyes ambitious overseas growth driven by China
Korean confectioner Lotte is aiming to increase its overseas sales six fold in the next five years led by growth in China, India and Russia, the firm said in its first half (H1) results.
Mondelez in ‘Choclairs’ row with Lotte in India
Mondelez International subsidiary Cadbury India has been granted an interim injunction by a high court In Delhi preventing rival Lotte from selling products alleged to infringe Cadbury’s Choclairs trademark.
Infographic: European chocolate makers move East
Chocolate production is still growing in developed markets, but volumes are growing at a faster pace in Eastern European countries like Poland, data from Leatherhead Food Research shows.
Lotte’s Rakhat acquisition part of well-mapped strategic plan, says Mintel
Korean firm Lotte’s recent acquisition of Kazakstan’s leading confectioner forms part of a carefully planned expansion strategy that gives it a “jumping board” to Russia and Central Asia, according to an analyst at Mintel.
Functional confectionery opportunity for aging S Korean population, says Leatherhead
South Korea has one of the lowest birth rates in the world and confectioners must think about how they can cater to an increasingly aging population, according to Leatherhead Food Research.
Lotte a possible candidate for troubled Darrell Lea, says analyst
An analyst gives his tips on the possible suitors for Australian confectioner Darrell Lea, which entered administration this week and is looking for a buyer.
Lotte set to expand Wedel plants in Poland, report
Asian group Lotte has plans to expand the production capacity of Polish confectionery manufacturer Wedel by investing over €200m into the company, according to a Polish media outlet.
Lindt could aid Lotte Group's global expansion plans, analyst
Publically listed confectionery company Lindt & Sprüngli remains the most interesting acquisition target in terms of its premium portfolio and its post-recession weakened state, with Asian conglomerate Lotte a potential frontrunner, argues a market insider.
Lotte group set to acquire Wedel in Poland from Kraft
Ending months of speculation, Asian confectionery giant Lotte Group will acquire the Wedel business in Poland from Kraft Foods, subject to regulatory approval.
Korean confectionery giant Lotte enters European market
Asian confectionery giant Lotte Confectionery breaks into the European premium chocolate sector, acquiring Belgian firm Guylian for €105 million.
Lotte confectionery buys up Chinese chocolate maker
South Korea's leading confectionery maker Lotte has bought a Shanghai-based chocolate company, as it seeks to expand in the fast-growing Chinese market.
Lotte consolidates interest in Chinese gum market
South Korea's Lotte Confectionery Company, the country's largest snack food manufacturer, has acquired a 100 per cent stake in a Chinese confectioner - a move which will not only bolster its influence among China's fragmented confectionery sector, but...