Lotte Group

LOTTE India Corporation on Wednesday announced the appointment of Debabrata Mukherjee as Managing Director for its Havmor Ice Cream business. Mukherjee will head the Ice Cream Division under Havmor Ice Cream, according to a statement issued by Lotte India Corporation. Lotte India Corporation is part of South Korean multinational food company Lotte Wellfood Co. In his new role, Mukherjee will lead the strategic direction and business growth of LOTTE India's ice cream portfolio, steering innovation and expansion for Havmor Ice Cream, the company said. Mukherjee has over three decades of experience in leadership, business strategy, marketing and innovation. Prior to this, he served as the Managing Director and CEO of Bata Shoe Company (Bangladesh) Ltd. He has also held senior leadership roles at The Coca-Cola Company across India, South Korea, and South-West Asia for 20 years. Lotte India Corporation, already well recognised in India for its iconic Choco Pie and candy portfolio, and

The merger of Lotte India and Havmor Ice Cream India to be completed in March

This expansion will help extend the company's regional coverage from the west to the south-central regions of India

The company plans to develop a state-of-the-art manufacturing plant in Maharashtra's Pune district which is expected to become operational by June 2024

Its Talegaon plant would be operational by the fourth quarter of 2024, in which Lottee range of premium ice cream would be manufactured

Lotte is one of the biggest of the South Korean family-run "chaebol" conglomerates

Negotiating all-cash deal at Rs 1,000 crore, which is two times its FY19 sales

The probe into the company had uncovered embezzlement or breach of trust involving about $155 million

The probe, which began in June, has already scuppered a planned $4.5 billion IPO by the group's Hotel Lotte arm

The police said Lee's body was found on Friday morning under a tree along a walking and cycling path near Seoul

Heaping further pressure on the sprawling beer-to-petrochemicals conglomerate

Lotte Group indicated it will shelve what may have been a $4.5 billion initial public offering for its hotel unit, the world's biggest so far this year, after widening investigations pushed the South Korean conglomerate deeper into crisis.It's going to be "physically difficult" for Hotel Lotte Co. to meet next month's deadline to complete the IPO in light of the extra steps it would need to take such as making additional disclosures, the parent group said in an e-mailed statement in Seoul on Sunday.Lotte will cooperate with authorities in their investigation, it said. It's the latest blow to hit the conglomerate, which has 89 Korean units with more than 100 trillion won ($86 billion) in assets. With the group still reeling from a feud that tore its founding family apart, Lotte sank into deeper turmoil last week as Korean prosecutors widened their probes into the business empire amid allegations of slush funds and embezzlement.The latest probes came days after another investigation -- o

Hotel Lotte Co is pushing back the roadshow with no new timetable in sight