Homeplus sounds out Alibaba, Temu in survival sale

Homeplus has put its remaining operations up for sale after agreeing to dispose of its supermarket arm, industry sources said Tuesday, courting domestic and foreign buyers as the debt-laden retailer seeks funding ahead of a court-imposed restructuring deadline. According to the sources, Homeplus's sales adviser, PwC Korea, has sent teaser materials to more than 10 domestic and overseas strategic investors as part of a sale process for the retailer's hypermarket and online businesses. Potential b

By The Korea Herald