Home / Knowledge / News / Apparel/Garments / Asda plans to buy George's largest supplier GAAT in Turkey
Asda plans to buy George's largest supplier GAAT in Turkey
07
Mar '12
George at Asda announced it had exchanged contracts with the owners of the Türkmen Group to acquire the sourcing division of its long-term supply partner GAAT, for an undisclosed sum.

GAAT is based in Istanbul, Turkey, and has played a key role for more than a decade in building George at Asda's position as one of Britain's favourite fashion brands.

George's largest supplier, GAAT works with over 80 manufacturers to manage garment production on behalf of the business in key locations such as Turkey, Sri Lanka and Egypt.

At a time when customers are more focussed on value than ever, this acquisition will enable George to continue to develop its world class supply operation.

The acquisition reflects similar moves Asda has already made elsewhere in its business to find smarter ways to serve customers with even better quality at a lower cost. In 2009, it acquired International Produce (IPL), which now sources fruit and grocery items for the UK business as well as other countries where Walmart trades.

Andrew Moore, Executive Managing Director of George at Asda said:
“This is a natural and exciting next step for the business and will help George become even more responsive in delivering style, quality and value as we expand here in the UK and elsewhere around the world.

“We have developed an excellent relationship with GAAT over the last decade. Atila Türkmen and his team have built a formidable business that has played an integral role in the growth and success of George. We look forward to working with Atila and his team on the full integration of his business and people into the George organisation.

“By bringing the GAAT team into the George, Asda and wider Walmart family, it enables us to underpin our quality, value and style credentials, extending our sourcing capabilities to satisfy supply demands from Walmart stores across the world, as we strive to become even more responsive to our customers”.

Atila Türkmen, chairman of the Türkmen group said:
“We're all very excited about the prospects of the new stage in our relationship with George at Asda. Our dedicated and passionate team has always been proud of being part of the success story of George. I'm confident that working as one team with George, Asda and Walmart colleagues, we are going to take George brand to new heights both in the UK and internationally”.

George at Asda expects to complete the acquisition in the course of the coming quarter.

George at Asda

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X