German Gerry Weber to open stores in Turkey.

By bne IntelliNews June 22, 2011
Head of Germanys second largest women clothing manufacturer Gerry Weber International AGs Turkish unit, Gulay Taskiran, told Bloomberg without providing details that the company plans to open two stores in Istanbul by 2012 as a first step to operate an outlets chain in Turkey and it is currently in talks with local retail groups to sign a franchise agreement. The company may open 15 stores in the country in total, according to Taskiran. Gerry Webers annual purchases from Turkish suppliers currently amount to EUR 80mn and it currently supplies 90% of its total annual jersey fabric purchases from local companies, Taskiran informs.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335