Most Popular
-
1
'No Japan?' Korea swings from extreme rejection to selective embrace
-
2
National Assembly speeds up efforts to outlaw dog meat consumption in S. Korea
-
3
A man's constitutional battle reignites 'death with dignity' debate
-
4
S. Koreans' happiness rising slowly but surely: presidential panel
-
5
4 injured in rockfall at tourist attraction on eastern island of Ulleung
-
6
Races tighten in Seoul as parties battle for Assembly control
-
7
Heavy traffic jams on highways expected on 5th day of holiday
-
8
Seoul subway fare to rise 12% beginning Saturday
-
9
No. of depression patients exceeds 1m in 2022
-
10
US calls on China to encourage N. Korea's return to diplomacy
E-mart to acquire US food retailer Good Food Holdings for $270m
By Kim Da-solPublished : Dec. 7, 2018 - 16:01
South Korean retail giant Shinsegae’s discount store chain E-mart said Friday that it is acquiring US food retailer Good Food Holdings for $270 million, the company’s first acquisition of an overseas company.
E-mart said the acquisition is aimed at stabilizing its business operation in the US and expanding its presence in the country.
Good Food Holdings runs three fresh food and beverage brands: Bristol Farms, Lazy Acres and Metropolitan Market. It has 24 stores across the western region of the US.
E-mart said it will maintain the original executive board at Good Food Holdings, which has 3,100 employees and reports average annual sales of 670 billion won.
Earlier this year, E-mart announced that it would be opening a premium store-restaurant called PK Market in Los Angeles in the second half of 2019.
By Kim Da-sol (ddd@heraldcorp.com)
E-mart said the acquisition is aimed at stabilizing its business operation in the US and expanding its presence in the country.
Good Food Holdings runs three fresh food and beverage brands: Bristol Farms, Lazy Acres and Metropolitan Market. It has 24 stores across the western region of the US.
E-mart said it will maintain the original executive board at Good Food Holdings, which has 3,100 employees and reports average annual sales of 670 billion won.
Earlier this year, E-mart announced that it would be opening a premium store-restaurant called PK Market in Los Angeles in the second half of 2019.
By Kim Da-sol (ddd@heraldcorp.com)
![[Our Museums] Journey to the Paleolithic era at Jeongok Prehistory Museum](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2023/10/03/20231003000137_0.jpg&u=20231003145607)
