Home / Knowledge / News / Textiles / Turkish textile producer to be No.1 non-food retailer
Turkish textile producer to be No.1 non-food retailer
02
Jan '12
Boyner Holding's textile-production wing, Altinyildiz Mensucat, is all set to acquire a controlling stake in two retail wings of Boyner namely, Beymen Magazacilik and Boyner Büyük Magazacilik

As noted in a company statement, pursuant to the acquisition, Altinyildiz Mensucat would become Turkey's biggest non-food retail group.

In a report submitted to Istanbul Stock Exchange (IMKB), the company said Altinyildiz proposes to buy 49.99 percent stakes in Beymen Magazacilik and 21.83 percent stakes in Boyner Büyük Magazacilik from Boyner.

The acquisition would earn Altinyildiz a controlling stake in both the retail firms.

Altinyildiz is already in possession of 100 percent stakes of Ay Marka, a subsidiary operating 206 outlets under eight diverse labels.

By bringing these three firms - Beymen Magazacilik, Ay Marka and Boyner Büyük Magazacilik – together, Altinyildiz is seen to establish itself as Turkey's leading non-food retail group.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
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