Turkish food retailer Kipa has agreed to sell a stake in the company to UK supermarket giant Tesco.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Back in August, Tesco announced it was in partnership talks with Kipa in a bid to increase its presence in developing markets.


Exactly how big a stake in Kipa Tesco might buy and the price of the deal are not yet known.


Kipa owns five supermarkets in the vicinity of Izmir, Turkey’s third-largest city, reported Reuters.


 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now