Homeplus Begins Sale of 67 Hypermarkets... Headquarters and Online Division Also Up for Sale
Sale of 19 Company-Owned Stores, Headquarters, and Online Business Division as Part of Rehabilitation Plan
Samil PwC to Send Investment Information Memoranda to Potential Buyers This Week
Homeplus will begin the sale of 67 hypermarket stores, its headquarters, and its online business division in accordance with its rehabilitation plan.
Homeplus announced on September 17, 2026, that it plans to sell 67 hypermarket stores—including the owned real estate of closed locations as well as its headquarters and online business division. Samil PwC Korea, the lead sales advisor, is expected to send out investment teasers to potential buyers within this week.
Previously, Homeplus sold its corporate supermarket (SSM) division, Homeplus Express, to Harim Group's NS Home Shopping. This time, the company will push forward the sale of its remaining hypermarket business, headquarters, and online division. The real estate of closed stores that it owns will be disposed of individually.
In its rehabilitation plan, Homeplus set forth as key strategies: improving its financial structure by selling 19 company-owned closed stores; enhancing business viability through the normalization of operations and the reduction of fixed costs; and pursuing mergers and acquisitions (M&A) for the remaining business divisions.
Accordingly, Homeplus is focusing on normalizing operations at 67 core stores, which resumed business on August 7, 2026. The company also plans to reduce fixed costs, including rent and personnel expenses, by approximately KRW 500 billion through the rehabilitation process.
The sale of hypermarket stores, the headquarters, and the online division will be conducted through a business transfer, while the real estate of closed stores will be sold individually. Once a sales contract is signed, Homeplus intends to revise its rehabilitation plan to reflect the proceeds and submit it to the court.
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Homeplus explained that if the sale proceeds are reflected in the rehabilitation plan, repayment to creditors could be expedited compared to the original schedule.
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