IFLR1000

Hotel Shilla and Travel Retail Group joint venture

23/3/2015
Joint venture
Select tab

$ 105 million

Completed

23/3/2015

Overview:

  • Hotel Shilla and Travel Retail Group have formed a joint venture to establish Shilla-Travel Retail Group.
  • As a result of the transaction, Hotel Shilla will be participating in the US duty free market. 
  • Hotel Shilla has been seeking to increase its weight in the global marketplace for a while by diversifying out of its home market.

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

Joint venture

Practice area:

M&A

Governing law:

South Korea

Industry sector:

Consumer goods and services

Firm:
Lee & Ko

Party: Hotel Shilla (Joint venture partner)

Lawyer: Hyeong Gun Lee

Related deals