Koton (company) explained

Koton
Industry:Clothing
Hq Location City:Istanbul, Turkey
Area Served:Worldwide
Num Locations:480+ stores (2019)
Owners:Gülden Yılmaz
Key People:Gülden Yılmaz
Products:Clothing
Num Employees:11,500

Koton is a Turkish multinational clothing company.[1] As of 2015, the chain had over 480 retail stores in 28 countries.[2]

History

Koton started in 1988 with a 25sqm store in Kuzguncuk.[3] On May 10, 2024, the company went public with the code “KOTON” and started trading on Borsa Istanbul on July 9, 2024. The public offering size of the company, of which 16.5 percent of its shares were listed on the stock exchange, was 4.17 billion liras.[4]

Koton has stated that it plans to increase its use of recycled materials in packaging by 50% in 2024. It also plans to use only renewable energy in its facilities by 2023, and be carbon neutral by 2040.

Notes and References

  1. Web site: How Turkish companies can become global successes | McKinsey. www.mckinsey.com.
  2. Web site: Koton Will Be The World’s Leading Brand. textotex. 2015-05-29. 2015-10-13.
  3. Web site: ekonomist.com.tr . 36 yıl önce Kuzguncuk'ta başlayan yolculuk . 2024-07-29 . www.ekonomist.com.tr . tr.
  4. Web site: 12 May 2024 . 12 May 2024 . https://web.archive.org/web/20240512020633/https://www.dha.com.tr/ekonomi/borsa-istanbulda-gong-koton-icin-caldi-2438516 . 10 May 2024 . tr . Borsa İstanbul’da gong Koton için çaldı . live . DHA Demirören Haber Ajansı.