Migros, a leading retailer in Turkey, has acquired a 71% stake in Tansaş for USD 387 million, enhancing its market position in the organized food retail sector.

Information on the Target

Tansaş, founded in 1973, stands as Turkey's second-largest supermarket retailer, boasting 206 stores that generated net sales exceeding USD 800 million in 2004. With a total sales area of 123,053 square meters, the average store size is 597 square meters as of the end of 2004. Tansaş is publicly traded on the İstanbul Stock Exchange and is predominantly owned by Doğuş Holding, one of Turkey's largest conglomerates. Doğuş Holding has a diverse portfolio encompassing financial services, automotive distribution, and tourism, with total revenues reaching USD 5.9 billion in 2004.

Industry Overview in Turkey

The retail sector in Turkey has witnessed significant growth over the past few decades, fuelled by urbanization, increasing consumer spending, and a shift towards organized retail. Supermarkets and hypermarkets have become pivotal in shaping the food retail landscape, driven by changing consumer preferences favoring convenience and quality. The organized food retail market has been particularly robust, consolidating major players and enhancing competitive dynamics.

Turkey’s strategic geographic location and a young, growing population present a lucrative market for retail investment. International and domestic players are investing heavily in expanding