Lotte Shopping Co., Ltd 023530

The proposed merger between Lotte Cinema and Megabox, which would have created South Korea’s largest theatrical exhibitor, has officially collapsed after roughly 14 months of negotiations, with the deal ultimately undone by a financial crisis engulfing Megabox’s parent company, JoongAng Group. Lotte Shopping and Contentree JoongAng disclosed Wednesday that the memorandum of understanding governing the …

South Korea’s second and third largest cinema chains, Lotte Cinema and Megabox, have called off their proposed merger. Lotte Shopping revealed in a corporate filing on Wednesday that the memorandum of understanding signed with Megabox parent company Contentree JoongAng to merge the two chains was terminated on June 30. First signed in May last year, …

LONDON (Reuters) -U.S. retailer Kroger's decision to close three of the eight automated warehouses it built with Ocado and expand its ties with the likes of Instacart and DoorDash highlights the challenge the British firm faces from rapid delivery firms. Ocado sells its cutting-edge technology to ​retailers like Kroger, allowing them to pick and dispatch online food orders from vast robotic warehouses. But Kroger said on Tuesday that three of the warehouses had not met ‌financial expectations, and that it would look to expand tie-ups with companies that not only offer faster deliveries but c