Kipa (supermarket) explained

Kipa
Trade Name:Kipa Ticaret A.Ş.
Industry:Retailing
Products:Supermarket, hypermarket
Foundation:August 17, 1992
Num Employees:6,000
Locations:161
Parent:Migros Türk (2017–present)
Tesco (2003–2017)
Key People:Tuncay Özilhan (chairman)
Hq Location City:Çiğli, İzmir
Hq Location Country:Turkey
Area Served:Turkey (20 cities)
Footnotes:[1] [2]

Kipa is a supermarket chain in Turkey, owned by Migros Türk since 2017. It was previously owned by the largest UK retailer, Tesco. The original company, Kitle Pazarlama A.Ş., was founded in August 1992 and opened its first Kipa store in November 1994.

Tesco purchased a controlling interest in Kipa in 2003. In September 2010, Tesco Extra began its operation in Turkey. As of January 2013, it had 513 stores, with plans for continued strong growth. Kipa used the standard Tesco retailing model, which meant that it still ran Tesco supermarkets, including a range of store sizes from hypermarkets to Tesco Express outlets.

In June 2016, Tesco announced it would sell Kipa to competitor Migros Türk.[3] The sale was completed in February 2017.[4] [5]

External links

Notes and References

  1. Web site: Biz Kimiz? . kipakurumsal.com . tr . May 15, 2022.
  2. Web site: Ticaret Sicil Bilgileri . kipakurumsal.com . tr . May 15, 2022.
  3. News: Tesco sells Turkish subsidiary Kipa to Migros . . 8 June 2016 . 10 June 2016.
  4. News: Tesco completes sale of its Kipa business in Turkey. Cahill. Helen. 2017-03-01. 2018-05-18. en.
  5. Web site: Competition authority approves acquisition of Tesco Kipa by Migros. Hürriyet Daily News. en. 2018-05-18.