Turkish retailers accelerating expansion in Russia
Leading Turkish textile and clothing retailers are accelerating their expansion into the Russian market through store openings and expansion of their existing ranges.
According to some Russian media reports, in the first quarter of 2023 at least five new Turkish brands entered the Russian market, including the Club clothing chain (owned by Beymen) and NetWork (Boyner Holding), while Eroglu Holding opened the first Loft store in Russia and promised to launch 16 more outlets this year.
For the full story, see the May 2023 edition of Textiles Eastern Europe.
Image: Boyner