Fast-growing Migros Ticaret builds a Turkish footprint

In March 2018, the Turkish grocer acquired 73 stores from Makro Market for €22 million. This adds 53 Uyum Market stores in Istanbul, 3 in Tekirdag and 17 Makro Market units in Antalya. The deal requires standard regulatory approval. It will grow Migros’s footprint to 1,946 units. In 2017, the group posted sales up by 39% to €3.2 billion via 1,897 stores, following the acquisition of 355 Kipa stores in 2017. Having more than doubled its sales in the last 4 years, Migros targets an ann