Fashion. Turkish retailer De Facto sees potential in North Africa

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25 May 2018 à 17h53

Updated on 10 May 2019 à 17h06

Reading time

2 minutes

Publication: 25 May 2018 à 17h53, Updated on 10 May 2019 à 17h06

Reading time: 2 minutes

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Publication

25 May 2018 à 17h53

Updated on 10 May 2019 à 17h06

Reading time

2 minutes

Publication: 25 May 2018 à 17h53, Updated on 10 May 2019 à 17h06

Reading time: 2 minutes

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In Turkey, the expected I.P.O. (Initial Public Offering) of the affordable fashion retailer DeFacto Perakende Ticaret should help the firm reduce a net debt of US$117 million at December 2017, plus finance an ambitious program of new stores. According to General Manager Ihsan Ates, the retailer plans to open 110 stores every year for 3 years (i.e. 330 in total) both in the Turkish home market and in Egypt, Morocco, Kazakhstan and Iraq. The Group is also planning to grow by acquisition as part o

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