It’s been almost two years since the daughter of President Nana Akufo-Addo, Adeline Akufo-Addo Kufuor launched the Lotte Accra fashion store based in Airport city, Accra, Ghana.
About The Lotte
The store hosts high fashion brands primarily based in Ghana, but also across the African continent. They sell a range of products from clothing art to accessories, furniture, cosmetics and more.
The fashion store is founded by the daughter of President Nana Akufo-Addo, Adeline Akufo-Addo Kufuor, who is also the CEO of Women’s Empowerment and Investment Group. WEIG is an organization that offers seed investment to women-owned and Ghana-based Small and Medium businesses.
Adeline Akufo-Addo Kufuor
The president’s daughter Adeline, through WEIG, makes capital investments of between $200,000 and $2 million in women-focused greenfield and brownfield businesses/business opportunities in Africa’s “KINGS” economies namely Kenya, Ivory Coast, Nigeria, Ghana, and Senegal of which Ghana is its launch and primary focus country.
Hence why it is not surprising her team was capable of launching the Lotte Accra in one of Accra’s most prosperous cities.
Uphill Battle For The Lotte
However, shortly after its launch in late 2019, early 2020 the world was hit with the coronavirus pandemic and lockdowns initiated by her own father, leading to many businesses suffering from the limited interactions.
There is no telling if this might be the cause to the move of the store but two years rental surely will not be part of any retailers plan. The store took to social media to announce their relocation today 16th of August 2021, stating…“We can’t believe the time is finally here to make this announcement but….#TheLotteAccra will be MOVING!!”
The Lotte Accra Relocates
They further announced the store will be launched at a new location next month. Knowing the cost of rent in Airport city, there is no doubt it should be able to cater for a much larger venue which might mean more room for more brands.
However, on another note, they also announced in the post “we will be hosting a 60%-80% off Everything-Must-Go #sale Thursday, August 26, 2021 – Saturday, August 28, 2021.”. So incase you are eager to get your hands on the clothes by the Lotte Look no further. See the full text in the instagram post below.
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