Tag: business news

HP News
Turkey’s Trendyol now valued at $16.5 billion after latest round of investment

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 […]

HP News
Turkish grocery courier Getir is new Tottenham Hotspur FC sponsor

Tottenham Hotspur Football Club have announced a three-year partnership with Getir. The online grocery order and delivery platform becomes an ‘Official Global Partner’ of the North London club. Getir, which is Turkish for “bring”, provides an on-demand order service, guaranteeing to bring people their groceries “within minutes”. The “pioneer of ultrafast grocery delivery” also offers […]

HP News
JJ Foodservice hits record sales, exceeding pre-pandemic levels by 13%

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 […]

HP News
Global sales for traditional Turkish kolonya treble in pandemic year

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 […]

Entrepreneurs
Turkey’s first unicorn: game firm Peak bought by Zynga for record-breaking $1.8 billion

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 […]

HP News
France’s Believe buys majority stake in Turkey’s biggest record label DMC

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 […]

HP News
JJ’s launches Amazon-style real-time mobile alerts for its deliveries

  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 […]