Posted on 15 September 2011
15 September 2011 – Tesco, UK’s leading grocery retailer has announced that it may buy local retail chains in Turkey to compliment its successful Turkish Tesco Kipa operation. Mr Mike Arnott, Director of Tesco Kipa said “We may consider acquiring some Turkish retail chains as we are open to all possibilities to grow in Turkey”.
Tesco has a large operation in Central Eastern Europe and is now supplying these countries with exports from Turkey. Arnott went on to say “We want to stay in Turkey and we aim to help Turkish suppliers expand to world markets through our company,”
Tesco has nearly 10,000 employees in Turkey and sources nearly 90 percent of its products within Turkey.
Source: Invest in Turkey