Homeplus () is a Korean discount store

retail chain A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...

running about 140 branches with 25,000 employees throughout South Korea. Homeplus is the second largest retailer in South Korea, behind Shinsegae Group's e-mart chain. Homeplus operates its hypermarkets, super market chain 'Homeplus Express',

convenience store A convenience store, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery ticket ...

'365 Plus' and online shopping service. Homeplus stores offer everything from groceries to clothes and appliances. Starting in 1997 with distribution business department of Samsung C&T Corporation, Homeplus opened its first hypermarket in

Daegu Daegu (, , literally 'large hill', 대구광역시), formerly spelled Taegu and officially known as the Daegu Metropolitan City, is a city in South Korea. It is the third-largest urban agglomeration in South Korea after Seoul and Busan; it is ...

and its second branch in West Busan. In 1999, a joint venture between Samsung C&T and worldwide British retail chain Tesco, ‘SamsungTesco’ was launched, and it has grown into the second largest retailer in Korea by taking over 33

Homever Homeplus () is a South Korea, Korean discount store retail chain running about 140 branches with 25,000 employees throughout South Korea. Homeplus is the second largest retailer in South Korea, behind Shinsegae, Shinsegae Group's e-mart chain. ...

(ex- Carrefour) stores since 2008. On March 1, 2011, due to the expiration of the mutual use contract with the Samsung Group, the corporate name was changed from Samsung Tesco Co., Ltd. to Homeplus Co., Ltd. And on November 22, 2011, the first store of Homeplus 365, a convenience store brand, was opened. In September 2015 the company was sold to MBK Partners, a South Korean buyout firm, which partnered with the

Canada Pension Plan Investment Board The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Cana ...

and Singapore's Temasek Holdings in a transaction worth £4.2 billion. It is headquartered in Gangnam-gu, Seoul, Korea in 2015, and operates a total of 107 hypermarkets and 828 expresses nationwide.

Homever

Homever (홈에버) was a brand name of a hypermarket of E.Land Retail Limited, which is part of the E.Land Group. E.Land Group, the largest operators specializing in fashion and retail business, production and retail corporations in Korea acquired Korean operations of Carrefour in September 2006 to expand the Group's retail presence in Korea. After the acquisition, Carrefour Korea was renamed to Homever. Homever operated 36 hypermarkets with a combined sales area of approximately 112,366

pyung A ''pyeong'' (abbreviationpy) is a Korean unit of area and floorspace, equal to a square '' kan'' or 36square Korean feet. The ''ping'' and ''tsubo'' are its equivalent Taiwanese and Japanese units, similarly based on a square '' bu'' ( ja:步) ...

which translates to 371,458 sqm. Homever was acquired by Tesco in 2008 and all Homever hypermarkets were re-branded as Homeplus.

References

External links

{{Commons category, Homeplus
Official website
(in Korean)
E-commerce website (Korean)
Tesco Former Samsung subsidiaries Hypermarkets Discount stores Retail companies of South Korea Retail companies established in 1997 Companies based in Seoul Temasek Holdings CPP Investment Board companies South Korean companies established in 1997 2015 mergers and acquisitions

Homever

See also

References

External links