Home / Knowledge / News / Apparel/Garments / Turkish clothing brands carry high potential – UBA
Turkish clothing brands carry high potential – UBA
20
Mar '10
Yilmaz Yilmaz, Chairman United Brands Association of Turkey (UBA), while addressing an Istanbul press conference revealed that, the UBA members during current year are expected to make an investment of $250 million in their respective brands.

The association has 400 well-known Turkish brands as its member. These brands own over 40,000 outlets in Turkey and around 1,175 outlets in 69 countries around the globe.

As of now, the UBA member's total annual turnover comes to US $24 billion, but the association intends to raise the figure to $50 billion by 2023, by developing and implementing new strategies, Yilmaz said.

He stated that, they intend to aid the Turkish brands with value addition and thereby facilitate sustainable growth at international level. He also added that UBA will carry forward its efforts, towards getting Istanbul recognized as a shopping and festival hub, the world over.

Yilmaz said that, Istanbul has the ability to become a fashion hub and to acquire such a title, UBA is active towards launching an 'Istanbul Fashion Fest'.

There is an ideal atmosphere for transforming Istanbul in a fashion hub, as Turkey not only produces but is also trades in those brands.

Yilmaz stated that, Istanbul has the potential that it come out as Europe's leading retail marketing place and added that, Turkish brands would develop as planned, if the regulations necessary for facilitating creation of a favourable atmosphere for Turkish fashion retail are made effective.

Unlike in the past when domestic markets were the prime selling points for Turkish products, now the brands are actually exploring the global apparel market, Yilmaz said.

This marks the beginning of a new era for Turkey's fashion retail industry, Yilmaz said, and added that education would shore up the new start. UBA intends to design contemporary education programmes for those youngsters who are desirous of establishing themselves in the retail fashion sector.

He divulged that the UBA is planning to conduct exclusive education programs at Istanbul Fashion Academy and also put in efforts towards setting up new departments in universities focusing on retail engineering.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
May 2017

May 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