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Lee Boo-jin

September 25, 2013

Two next-gen sisters within the Samsung Group have reorganised their respective branches of their family conglomerate, selling the apparel business of Cheil Industries to another subsidiary within the group.

Two next-gen sisters within the Samsung Group have reorganised their respective branches of their family conglomerate, selling the apparel business of Cheil Industries to another subsidiary within the group.

The apparel business – headed by Lee Seo-hyun, second daughter of Samsung Group chair Lee Kun-hee – will be transferred to Samsung Everland, led by her elder sister, Lee Boo-jin, in a KRW1.5 trillion deal (€1 billion). The deal is due to be completed by December.

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