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Lotte's new confectionery chief aims high with IPO plans

Sweets unit disputes impact from group infighting as it looks to add brands

Lotte chocolate bars on a shelf at a supermarket in Osaka.   © Reuters

TOKYO -- A revamped confectionery unit in the Lotte conglomerate spanning Japan and South Korea wants to go public eventually, its new president said Friday, but the snacks and ice cream producer may find the path to listing anything but short and sweet.

The new Lotte Co., recreated Sunday through its absorption of sales companies Lotte Shoji and Lotte Ice Cream, will "tear down the walls of business divisions to speed decision-making and prioritize some investments over others," President Eiichi Gocho, formerly senior managing officer of Lotte Shoji, told reporters.

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