PwC performed financial due diligence on Travel Retail Group Holdings, LLC for Hotel Shilla Co., Ltd.

PwC Korea Deal 2 team is pleased to announce the acquisition of shares in Travel Retail Group Holdings, LLC for Hotel Shilla Co., Ltd.

Travel Retail Group Holdings, LLC, headquartered in Florida, USA, is the world’s No. 1 in-flight duty-free shop operator by market share. It also has 41 duty-free shops at airports and terminals in the North America.

The acquisition of Travel Retail Group Holdings, LLC will provide Hotel Shilla Co., Ltd. with an excellent opportunity to strengthen its duty-free business in North America.

The PwC Korea Deal 2 team, led by Suk-Yeon Hwang and Jung-Hoon Lee, provided financial due diligence and successfully closed the transaction.