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Qatari Bank picks stake in Turkish home textile retailer

04 Dec '12
3 min read

Given Turkey’s favorable market dynamics, we are confident that with QFIB’s support we will be able to capitalize on the growing demand for home textiles and to further build upon English Home’s recent success.”

According to a study undertaken by a reputable market consultant, the home textile retail market is expected to witness significant growth on the back of a favorable macroeconomic environment, sizable and young demographics and a dynamic shift in consumer preferences from independent stores towards organized retail chains.
 
Erdem Gündüz, CEO of “English Home” said: “English Home has demonstrated a strong performance, and managed to become the leading brand of Turkish home textile market in a short period of time. Considering the high growth potential of the domestic market, we are confident that we will capture an even larger market share.
 
Welcoming QFIB as a shareholder is an important milestone for our company. With QFIB’s expertise and our international exposure, we are aiming to become a leading brand not only in Turkey, but also in the neighboring region."

Qatar First Investment Bank

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