10/12/2010

Tesco to continue investing in Turkey

Sabah EGE - British retailer Tesco will continue its investments in the Turkish retail sector, according to company officials. Pleased with the growth statistics in their Tesco Kipa chain operating in Turkey, Tesco CEO and Operations Director Tony Hoggett, outlined new store concepts and future plans for Turkey.

“Turkey’s credit ratings are being upgraded every year and the country holds a central position in Tesco’s international growth strategy”, said Hoggett. CEO Paul Ritchie also stressed the country’s potential in the retail sector, and said that Tesco employed over 2,300 people in Turkey and will continue to grow with new investments.
turkey; tesco; tesco kipa; retail sector; retail investment; paul ritchie; tony hoggett