E-Land Retail to Absorb and Merge Kim's Club and E-Land Global
On July 4, E-Land Retail announced that it will absorb and merge E-Land Kim's Club, the corporation operating large supermarkets, and E-Land Global, the corporation operating fashion brands.
E-Land Retail originally owned 100% of the shares of both E-Land Kim's Club and E-Land Global.
The decision to merge was approved by the board of directors on June 25, and the merger will take effect on September 1.
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E-Land Group stated, "We aim to generate synergy and strengthen our core business competitiveness through integration, rather than operating the large supermarket and fashion business divisions separately."
This content was produced with the assistance of AI translation services.
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