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....
- Nestle on China, candy, nutrition - analysis
- England child obesity plan should cheer industry
- What lies ahead for Tyrrells and Amplify?
- Hain accounting issue rounds off problem year
- Future trends in natural food to go mainstream
- Lotus Bakeries enjoys growth organically, via M&A
- Smucker cuts forecast as sales decline
- Unite outlines 2 Sisters stance on UK pizza site
- Mondelez buys rest of Vietnam snacks business
- Arla Foods to help Nigeria's dairy development