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.