Turkish retailer Migros said it opened 97 stores in the first three months of the year and plans to open a further 300 by the end of the year.

Migros, owned by private equity firm BC Partners, currently operates 1,278 stores in Turkey and said it hopes to reach its target of a further 300 in the next nine months.

BC Partner last year paid $1.6bn for a 51% stake in Migros.

Earlier this month, the company posted a 2008 consolidated net profit of TRY261.53m (US$162m).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.