With nearly 18 million active customers, Coupang is the largest e-commerce player in South Korea and one of the leading e-commerce companies in Asia. South Korea, Coupang’s main market, is projected to become the third largest market for e-commerce sales in the world after the US and China, representing an exciting market opportunity for international retailers looking to reach South Korean consumers in demand for a sophisticated, diverse and global range. products. Through Coupang Lotto will offer a collection of men’s and women’s shoes, clothing and accessories starting in the spring of 2022, according to WHP Global.
Coupang and WHP Global are set to lead Italian sportswear brand Lotto to one of the largest and fastest growing e-commerce companies in the world. Under the terms of the agreement, Coupang will serve as Lotto’s distributor in South Korea, providing consumers with a select collection of men’s and women’s shoes, clothing and accessories.
“Coupang is always committed to providing the best shopping experience for our customers, whether through innovation in our services or expanding our ever-growing product selection. We are excited to work with WHP to offer the iconic Lotto brand and other high-end clothing in Korea, and will continue to look for new opportunities to make Coupang Fashion a major shopping destination for all of our customers, ”Kupang said in a statement. .
“Coupang is one of the fastest growing e-commerce companies in the world, and our partnership provides a powerful opportunity to rapidly expand our online presence not only for Lotto, but also for our portfolio of global brands in a key consumer market. We look forward to working with our anchor partner, Lotto, to continue to grow Lotto’s global footprint in new and emerging markets. ” Stanley Silversteincommercial director of WHP Global, which owns and operates the Lotto brandsaid.
Fiber2Fashion News Desk (GK)
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