Chanel cosmetics have agreed to reenter Korea’s Lotte Department Store three and a half years after it pulled out from the retail giant due to disagreements over store space and location.
The conflict between the two companies started when Lotte asked Chanel to downsize and relocate its cosmetics booth in 2008, pointing to its relatively low sales.
Chanel refused, accusing Lotte of getting back at the French brand for entering rival Shinsegae’s new store in Busan. The brand moved out of seven Lotte Department Store branches in January 2009.
(Source: The Jakarta Post)