The Turkish discount retailer BIM (sales of US$4.34 billion in 2016, up by 15%) is exploring possible store openings in Iran. In March 2017, BIM said it was due to be given permission to start market research for opportunities and investment potential in Iran’s retail market, which serves a population of 80 million. BIM operates hard-discount stores selling food and non-food products, primarily in Turkey, but also in Egypt and in Morocco. In 2017, its sales growth should reach 18%, boosted...
BIM AIMS TO TRAVEL FROM TURKEY TO IRAN
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