Tag: business news

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Hawes & Curtis owner Touker Suleyman says stores in shopping centres are more profitable than high streets

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 […]

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Turkish start-ups attracted record investment in 2022: is the future fintech?

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 […]

Turkiye’s rising fintech company Figopara secures $11 million investment

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 […]

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Grocery wholesaler Cyprofood to hold “shopping festival” on Saturday to celebrate its new Tottenham premises

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 […]

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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 […]

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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 […]

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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 […]