Turkish grocery courier Getir has confirmed it will be exiting from its international markets, including the UK, to focus on its core business in Turkiye, which accounts for the bulk of its revenue. Getir, which means “to bring” in Turkish, said that Western markets account for just 7% of its revenue, which has led to […]
Rolls-Royce’s Turkish Chief Executive Tufan Erginbilgiç has lived up to his nickname ‘Turbo Tufan’ by spearheading the company to more than double its annual operating profit to £1.6bn. The figures for 2023 are up from £652 million a year earlier, far exceeding the company’s own forecasts of between £1.2 billion and £1.4 billion. Its return […]
The head of the UK’s Turkish Muslim business association MUSIAD, Murat Bingöl, is on the Judging Panel for “the UK’s largest awards celebrating the best of British Muslim Businesses”. Now in its third year, Islam Channel Business Awards 2024 recognise the achievements from Britain’s leading Muslim entrepreneurs in 21 different categories, including Food & Beverage, […]
Fashion entrepreneur Touker Suleyman is planning to significantly increase the number of shops in the UK for his men’s and women’s formalwear brand Hawes & Curtis, but it’s likely none of the new stores will be on the high street. Suleyman told fashion retail magazine Drapers that shopping centres are “a safe haven, especially when […]
Turkish start-ups are looking highly attractive to investors. Last year saw a record $1.6 billion inward investment in the country. The tech sector, and in particular gaming and fintech companies, are leading the chase for funding. The industry is seeing investment at every level in Turkiye, with the money spread over three hundred deals covering […]
Figopara, a next generation financing platform from Turkiye, has secured major investment from international businesses, venture capitalists and financial institutions. The Istanbul-based fintech business has raised $11 million in their third round of funding. It adds to the $5,6 million investment they generated in an earlier series of funding. The latest investment means Figopara is […]
Hundreds of trade customers and members of the public visited the new North London premises of Cyprofood to experience a “shopping festival” as part of the grocery wholesaler’s grand. Curious shoppers had the opportunity to taste a range of food and drinks, pick up goods on special offer and gift giveaways all day opening on […]
The grand opening of Cyprofood’s new megastore takes place on Saturday, 1 October, and everyone is invited! The wholesaler will treat all its customers to a “carnival atmosphere” inside its spacious new Tottenham warehouse store, with food sampling stands, special shopping discounts, “gift products and treats.” One of North London’s most established grocery wholesalers, Cyprofood remains […]
Planes have been substituted for lorries as florists in Antalya and Isparta regions rush to meet the huge demand for flowers following the death of Queen Elizabeth II. The British public have responded to the passing of their sovereign, who reigned for seventy years, by laying flowers in key public spaces across the country, which […]
Online retailer Trendyol has seen its value soar after raising $1.5 billion (£1.09 billion) in investment. Backed by Alibaba, Turkey’s biggest e-commerce platform is now valued at $16.5 billion, making it the first Turkish decacorn (a start-up company worth over $10 billion). The latest round of funding for Trendyol came from high-profile investors, led by US […]
