All Turkey articles – Page 2

  • News

    Walmart reportedly in talks with Migros Ticaret


    Walmart is reportedly interested in entering Turkey through a majority stake in leading retailer Migros Ticaret.Walmart has not submitted a formal bid, but has reportedly held meetings with the private equity-backed retailer in recent days. A deal would value the business at more than $4bn (£2.47bn), including debt.Migros Ticaret has ...

  • News

    Galeries Lafayette to open first store in Istanbul


    French department store group Galeries Lafayette has signed an agreement with Turkish group Demsa to open its first store in Istanbul.The shop is to be located in the city’s Boulevardi Mall and is scheduled to open in the first half of 2015.Demsa operates 110 stores in Turkey and also has ...

  • News

    Migros Ticaret reports sales increase


    Grocer Migros Ticaret has reported sales of TRL1.83bn (£639m) for the three-month period ending September 30, a 13.1% increase on the same period last year. Gross profit rose by 15.2% to TRL468m (£163m).Sales benefited from store openings, as well as a focus on the private label category and fresh products.

  • Primark sees potential for 150 stores in Germany

    Analysis: International markets


    Despite global economic problems, there are still opportunities for retailers to expand internationally. Rebecca Thomson reports on three markets that look likely to bear fruit.

  • Seamus Whittingham

    Comment: Choosing the right market for cross-border trade


    The world is flattening and borders are blurring, opening up a wealth of new opportunity for UK retailers.

  • News

    Carrefour’s joint venture with Sabanci Holding under pressure


    Carrefour’s joint venture in Turkey with Sabanci Holding is under pressure, following the sudden resignation of four members of the board of directors.According to Turkey’s Hürriyet newspaper, Chairman Haluk Dinçer – in place since 2004 – as well as three other members have resigned as of July 16. The gesture ...

  • News

    Rewe acquires stores from Enka


    German retailer Rewe has won approval from the Russian competition authorities to acquire 12 Citistores from Turkish group Enka. The shops, in the greater metropolitan area of Moscow, will be converted to the Billa supermarket format in the coming months. Rewe also plans to open around 10 new Billa stores ...

  • News

    Hard discounter BIM to enter Egypt


    Hard discounter BIM says it will enter Egypt in the first half of 2013. Investments are planned to reach TRY25m (£8.7m) by 2014, according to Today’s Zaman. Algeria would also be of interest, the retailer said.During 2011, BIM’s net sales for the full year climbed 24.6% to TRY8.19bn (£ 2.8bn) ...

  • George at Asda has acquired the sourcing division of Turkish clothing supplier GAAT

    George at Asda acquires Turkish clothes sourcing arm


    George at Asda has acquired the sourcing division of Turkish clothing supplier GAAT.

  • News

    Ikea to pursue growth avenues


    Home furnishings retailer Ikea Turkey’s general manager Fuat Atalay has told local press that the group will pursue several avenues of growth over the next five years. Its strategy includes the opening of three new stores, the launch of a transactional ecommerce site for the whole country and better targeting ...

  • Tesco has partnered with retailer Fawaz Abdulaziz Al Hokair & Co

    Tesco enters F&F partnership in Saudi Arabia


    Tesco has created a new franchise model to enter Saudi Arabia as it looks to turn its F&F fashion label into a major global brand.

  • News

    Migros Ticaret reports net sales increase


    Grocer Migros Ticaret has reported net sales of TRL4.25bn (£1.8bn) for the first nine months of 2011, up 10.5% on same period last year. After the sale of discount banner Sok to Turkey-based retailer Bizim in August, Migros has continued to successfully implement its new store opening strategy, which is ...

  • News

    BIM reports net profit increase


    Turkish hard discounter BIM has reported that net profit in the third quarter of 2011 climbed 21.7% to TRL78m (£27.4m) compared with the same period last year.Preliminary sales at continuing operations grew 25.6% to reach TRL2.16bn (£758.2m) while operating profit rose 19.9% to TRL93.8m (£32.9m). As of November 2011, BIM ...

  • News

    AS Watson plans store growth


    Hong Kong-based AS Watson plans to add 30 Watsons stores to its network in Turkey during 2012, taking the total to over 100.The health and beauty retailer has built its presence to 68 stores since entering the market in March 2005. Country general manager Ahmet Yanikoglu said: “This year we ...

  • Koçtas

    Kingfisher’s Turkish adventure


    It might not attract as much attention as some overseas markets, but Turkey is one of Kingfisher’s big hopes for the next decade. Rebecca Thomson reports on its plans there.

  • News

    Metro Group plans new store openings


    German retailer Metro Group says it plans to benefit from the sustained economic boom in Turkey with the opening of 24 new Metro Cash & Carry, Real, Media Markt and Saturn stores by the end of 2012. Speaking in Istanbul, Metro Cash & Carry and Real Group chief executive Joël ...

  • Ian_Cheshire_B_Q_HO.jpg

    Cheshire: Kingfisher wants 100 stores in Turkey


    Kingfisher chief executive Ian Cheshire has said the company plans to open 100 stores in Turkey, saying the country is “one of our big growth opportunities for the future.”

  • News

    Turkish discount retailer A101 attracts seven bidders


    Turkish discount retailer A101 has attracted seven bidders in the first round of an auction to sell off the business. TPG and Permira are among the private equity firms that submitted bids. Credit-Suisse is running the sale process for the business, which has been valued between TRL800m (£271.7m) and TRL1bn ...

  • News

    Migros Ticaret sells discount store chain


    Supermarket retailer Migros Ticaret has afreed to sell its discount store chain Sok to Turkish reatiler Bizim Toptan and private equity firm Gozde Finansal.Migros sold 99.6% of its stake in Sok. The transaction is conditional upon regulatory approval from the Turkish Competition Board and is expected to close in the ...

  • Tesco

    Tesco brings Turkey COO home to lead superstores


    Tesco has brought its chief operating officer in Turkey back to the UK as part of group chief executive Phil Clarke’s plans to bolster the lacklustre UK division.