Migros Türk
 |
|
| Traded as | BİST: MGROS |
|---|---|
| Industry | Retail Supermarket |
| Founded | 1975 |
| Headquarters | Turkey |
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Key people
|
Ömer Özgür Tort – General Manager |
| Website | www |
Migros Ticaret A.Ş. is one of the biggest chains of supermarkets in Turkey.
Together via Migros supermarkets, Şok discount stores, international Ramstore shopping centers, online shopping, wholesale stores, and mobile sales units, Migros Turkey serves an estimated 160 million customers. As of Nov 2014, the company operates a total of 1,156 stores: 852 Migros stores, 212 Tansaş stores, 24 5M stores and 27 Macro Centers stores in Turkey, 41 Ramstores in Kazakhstan and Macedonia, according to its web site.
News reports in February 2008 indicated that BC Partners has agreed to buy Migros Turk in Turkey's biggest-ever leveraged buyout. The London-based firm will trade Koc Holding 1.98 billion TL for a 51 percent stake in Migros Turk. Later BC increased its stake to 98 per cent. In 2011, the group sold approximately 20% back to public market investors. BC Partners revealed in January 2015 that it would sell its 40.25 percent stake in its supermarket chain Migros to the Turkish conglomerate Anadolu Endustri Holding AS for around $2.74 billion.
The logo of Migros Turkey is similar to an older version of the Swiss Migros logo but uses a dotted i, as the dotless I represents a different letter in the Turkish alphabet with phonetic value /ɯ/, a close back unrounded vowel. As in Switzerland, the supermarkets are categorized in three size classes of M, MM and MMM but with another size 5M:
Migros vends some products under its own label.
The municipality of Istanbul founded Migros Turkey in 1954 as a joint venture with Swiss Migros Cooperatives Union. Initially, Migros Turkey operated via 45 sales trucks (the same as its Swiss counterpart) only later to open stores fronts – the first in 1957 Beyoğlu, Istanbul.
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Wikipedia