85 774
Fashion Jobs
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
By
Reuters
Published
Feb 8, 2011
Download
Download the article
Print
Text size

Wal-Mart in talks on partnership with Matahari, Lotte pulls out-sources

By
Reuters
Published
Feb 8, 2011

Feb 8 - Wal-Mart Stores Inc is in talks to become a partner of Indonesian retailer PT Matahari Putra Prima to develop its hypermarts, though South Korea's Lotte Shopping Co Ltd has pulled out from talks, sources said on Tuesday.

Wal-Mart, Lotte
Hypermart is one of Matahari Putra Prima's units

Lippo Group, an Indonesian conglomerate which controls Matahari via PT Multipolar , last month scrapped plans to sell its Hypermart chain because of low offers and instead opted to seek a global partner to expand.

"Lotte is out due to disagreement over pricing and branding," said one of the four sources with direct knowledge of the deal, who declined to be identified because the details were not public.

"However, Wal-Mart is still in talks with the group on the possible partner deal."

Wal-Mart and Lotte had both been interested in buying the Hypermarket assets, along with French retailer Casino Guichard Perrachon SA and private equity group Carlyle Group , in a sale that Lippo had hoped would raise over $1 billion.

The partnership could still involve taking a significant stake in Matahari to gain control over the hypermarket assets, sources said.

Multipolar, which owns a 48 percent stake in Matahari, appointed Bank Of America Merrill Lynch to become its strategic advisor to seek a global partner for Matahari.

Hypermart is Indonesia's second-biggest hypermarket chain after PT Carrefour Indonesia, with 52 outlets in the world's fourth most populous nation, generating annual revenue of $1 billion.

(Reporting by Janeman Latul, Saeed Azhar and Park Jung Youn; Editing by Neil Chatterjee)

© Thomson Reuters 2024 All rights reserved.

Tags :
Retail