Snacking giant Lotte has revealed that low-and-no-sugar are key trends guiding its new product development across both its snacking and confectionery portfolios, while also reveal plans to boost sales in the Middle East and South Africa.
Lotte Confectionery, part of Lotte Group, South Korea, has allegedly been found guilty of copying a Japanese snack maker's package design, according to a hearing at Seoul Central District Court.
Korean confectioner Lotte is aiming to increase its overseas sales six fold in the next five years led by growth in China, India and Russia, the firm said in its first half (H1) results.
Korean firm Lotte’s recent acquisition of Kazakstan’s leading confectioner forms part of a carefully planned expansion strategy that gives it a “jumping board” to Russia and Central Asia, according to an analyst at Mintel.
Asian group Lotte has plans to expand the production capacity of Polish confectionery manufacturer Wedel by investing over €200m into the company, according to a Polish media outlet.
US Confectioner Hershey is to form a joint venture with Korean
counterpart Lotte Confectionery, as it looks to enter the dynamic
Chinese chocolate market to offset declining domestic sales.
South Korea's leading confectionery maker Lotte has bought a
Shanghai-based chocolate company, as it seeks to expand in the
fast-growing Chinese market.
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
