GS Retail to expand Lalavla network
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South Korean convenience store company GS Retail plans to grow its health and beauty store network by up to 300 this year.
After running Watsons outlets through a 50-50 JV with AS Watson, GS Retail bought the balance of shares from the Hong Kong-based firm last year and launched its new Lalavla brand in February.
“We have completed changing the storefront signs,” says a company official. “We will now focus on advertising our new brand and expanding our business.”
There are now 191 Lalavla stores nationwide.
Questions & Answers
Q.How many Lalavla stores does GS Retail currently operate?
How many Lalavla stores does GS Retail currently operate?
There are currently 191 Lalavla stores operating across the nation. GS Retail aims to expand this network by up to 300 additional stores during the current year.
Q.What is the history of GS Retail's health and beauty store brand?
What is the history of GS Retail's health and beauty store brand?
GS Retail previously ran Watsons outlets through a 50-50 joint venture with AS Watson. Last year, GS Retail purchased the remaining shares from the Hong Kong-based firm, then launched the new Lalavla brand in February.
Q.What are GS Retail's immediate priorities for the Lalavla brand?
What are GS Retail's immediate priorities for the Lalavla brand?
A company official stated that, after completing the change of storefront signs, the immediate focus for Lalavla will be on advertising the new brand and expanding its business throughout the country.
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