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Hotel Shilla to Acquire 44% Stake in 3Sixty Duty Free

October 29, 2019

Seoul — Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Korea-based Hotel Shilla on its proposed US$121 million acquisition of 44% stake in US-based retailer 3Sixty Duty Free, operated by Travel Retail Group Holdings, a Florida-based duty free operator.

Hotel Shilla is the listed hospitality arm of Samsung Group and operates luxury hotels and duty-free shops in Korea and abroad. 3Sixty Duty Free is a world-class duty-free specialty retailer in retail options for travelers and travel-related audiences.

The Paul Hastings team was led by Seoul corporate partner Daniel Kim and attorney Hae-In Park, with support from Seoul-based associates Albert Nah and Han Kyu Lee, and from Washington, D.C.-based partner Robert Silvers and associates Randall Johnston and Quinn Dang.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

Practice Areas

Asia

Mergers and Acquisitions

Korea


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