Lotte Shopping leads airport retail share gains
Shares in Korean retail specialist Lotte Shopping Co rose 4.3% in trading on Wednesday. The company reportedly plans to sell US dollar bonds following investor meetings in Asia. Fitch Ratings recently assigned the company a foreign-currency senior unsecured A- rating, with a stable outlook.
Lotte Shopping also reportedly took part in the acquisition of supermarket chain operator Kim's Club, in cooperation with Homeplus Co, the South Korean unit of Tesco and E-Land Group, a major South Korean fashion retailer.
Selected duty free and airport retail daily share price movements (% change): 30-Mar-2011