When Lotte sold its businesses to the founding family members, they were sold at prices way below market value. But when Lotte bought businesses or stocks from its founding family, it had to pay premiums, the prosecutors said. For example, Lotte sold its lucrative popcorn business at its movie chains to the founding family members, allowing them to monopolize the profits from selling popcorns to moviegoers. The profit should have gone to Lotte Shopping, which operates one of the biggest movie theater chains in South Korea, the officials said.
Alexander Brenninkmeijer is a member of the fifth generation of one of Europe's richest families. The 50-year-old comes from the Clemens Brenninkmeijer family line on his mother's side and the August Brenninkmeijer line on his father's side of the founders of the European clothing retailer giant C&A in Germany. The retailer was founded in 1841. Today, it has more than 1,500 stores in 18 European countries, making it one of the world's largest fashion apparel retailers, with around 35,000 employees. The family's assets are estimated to exceed more than 20 billion euros. All executive partners in the company are required to be Dutch passport holders and members of the Catholic Church. In mid-January, DER SPIEGEL reported that C&A might be sold to a Chinese investor. Alexander Brenninkmeijer is married and lives in Munich, where he is an entrepreneur. Why do you want to sell C&A, your family's primary business?