A company started by businesswoman Hanzade Doğan Boyner a little over twenty years ago has become the first from Turkey to list via the Nasdaq – an American stock exchange that is the second largest in the world. Often referred to as “Turkey’s Amazon”, Hepsiburada [‘everything you want is here’] made its Nasdaq debut on […]
JJ Foodservice has achieved the highest sales in its 33-year history, up 13% in May 2021 compared to the same period in 2019. The business – one of the UK’s largest grocery wholesalers – has remained open throughout the coronavirus pandemic, including the country’s three lockdowns. One of the key strategies it adopted was diversifying […]
Demand for Turkey’s kolonya soared in 2020 after consumers worldwide sought easy and effective ways to disinfect their hands during the coronavirus pandemic. Exports of the traditional Turkish cologne increased three-fold, from 2.4 million tons in 2019 to 6.9 million tons last year, according to a report by the Anadolu Agency based on data from the […]
One of Turkey’s largest pharmaceutical companies Abdi İbrahim has set its sights on international expansion after acquiring a 28.5 percent stake of Geneva-based OM Pharma in a deal worth 500 million Swiss francs ($530 million). The deal, announced on 18 Sep., forms part of a larger sale of microbial specialist OM Pharma, after its parent […]
American social game developer Zynga Inc. has agreed to buy Turkish mobile-game maker Peak Games for $1.8 billion. Announced on Monday, the record-breaking deal is the largest acquisition ever for the gaming sector, comprising of $900 million in cash and $900 million in Zynga stock. According to Bloomberg, the Peak purchase “eclipses earlier transactions”, including […]
DMC, the record label behind Turkey’s biggest pop stars Tarkan, Sezen Aksu and Ajda Pekkan, is being taken over by French digital music platform Believe. An agreement worth $23.4 million, signed on 17 April by Doğan Holding, Doğan Müzik Yapım’s (DMC) parent company, and Believe, will see the French company take a 60% stake in […]
National wholesaler JJ Foodservice is the first UK wholesaler to introduce an Amazon-style notification system to give customers an estimated time of arrival based on real-time data. Sedat Kaan Hendekli, Head of Operations at JJ Foodservice, said, “Customers are sent an email notification when their order is first dispatched and then again when the […]
Modanisa.com was named the winner of the E-commerce and Digital Experience Award at the 2018 International Business Excellence Awards on Tuesday night. The modest fashion e-tailer beat leading Gulf retail chain Aswaaq and UAE’s RAKBank to pick up the prestigious prize at the awards ceremony held at Jumeirah Beach Hotel in Dubai. Kerim Türe, […]
Ministers from Turkey, Qatar and Iran signed a transport agreement in Tehran last weekend in order to improve trade amid the continuing Gulf Crisis. Turkish Economy Minister Nihat Zeybekci was present along with Iranian and Qatari counterparts Mohammad Shariatmadari and Ahmed bin Jassim bin Mohammed Al Thani as the pact was signed. Iran will act […]
National wholesaler JJ Food Service has offered its full support to more than 2,500 staff who lost their jobs yesterday after UK delivered wholesaler Palmer and Harvey (P&H) fell into administration. Mustafa Kiamil, the CEO of JJ Food Service, said, “P&H has been around for nearly a century – it is a tragedy to see […]
