E-mart’s profitability to surge after Starbucks Korea acquisition: analysts
MarketsJul 28, 2021
Acquiring additional shares in Starbucks Korea could boost E-mart’s operating profit to near 1 trillion won ($864.4 million) within years, analysts said Wednesday. Several analysts praised E-mart’s decision to buy an additional stake in Starbucks Korea, which will become a subsidiary of the supermarket chain once the deal is closed. On Tuesday, E-mart, the supermarket chain under retail giant Shinsegae Group, announced that it bought an additional 17.5 percent stake in Starbu