TURKEY: Tesco in talks to acquire Uyum Gida
Tesco in talks over Uyum Gida stake
UK retailer Tesco has entered into talks to acquire a majority stake in Turkish retailer Uyum Gida.
A spokesperson for Tesco told just-food: "We are in initial talks with the majority shareholders of UG about acquiring their shares. This may or may not lead to an agreement."
The negotiations are being conducted through Tesco's local subsidiary Tesco Kipa. Tesco has 181 stores in 24 Turkish cities including Istanbul, Ankara and Izmir.
Uyum Gida operates 55 stores in Turkey, the majority of which are located around Istanbul.
Retailers in Europe are looking again at the in-store experience for shoppers, refurbishing outlets and using technology, writes IRI's Laura Volpini....
The GM debate has re-emerged in the UK in the last couple of weeks with the news four major supermarket operators will allow their suppliers to use GM feed for poultry and eggs....
Sainsbury's has insisted it has "no plans" to open stores in India following a claim from a local government minister the UK grocer was interested in entering the market....
- Rabobank's early view on Brexit impact on food
- How local model protects Nestle - interview
- Brexit sparks uncertainty for UK food - comment
- Quorn Foods confident in prospects - interview
- Nestle's focus on food for health - interview
- Nestle names new CEO
- Brexit – Live reaction from food industry
- Brexit – UK farmers warn of food price spike
- Healthier food a major opportunity for food makers
- Brexit – US confirms commitment to TTIP with EU
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights
- Singapore Food and Drink Report Q3 2016