Kipa

Kipa is a supermarket chain in Turkey, owned by Migros Türk since 2017. It was previously owned by Tesco.

The original company which preceded Tesco Kipa, had begun operation in November 1994. It used the standard Tesco retailing model, which meant that it still ran Tesco supermarkets, including a range of store sizes from hypermarkets to Express outlets. The stores also have the nickname "Badamana."

In September 2010, Tesco Extra began its operation in Turkey. As of January 2013, it had 513 stores, with plans for continued strong growth.

In June 2016, Tesco announced it would sell Kipa to competitor Migros Türk.[1] The sale was completed in February 2017.[2][3]

References

  1. ↑ "Tesco sells Turkish subsidiary Kipa to Migros". Daily Sabah. 8 June 2016. Retrieved 10 June 2016.
  2. ↑ Cahill, Helen (2017-03-01). "Tesco completes sale of its Kipa business in Turkey". Retrieved 2018-05-18.
  3. ↑ "Competition authority approves acquisition of Tesco Kipa by Migros". Hürriyet Daily News. Retrieved 2018-05-18.
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