Bim (company) explained

BİM Birleşik Mağazalar A.Ş.
Type:Anonim Şirket
Location Country:Turkey
Locations:7438 shops (Turkey)[1]
733 shops (Morocco)[2]
320 shops (Egypt)[3]
Key People:Mustafa Latif Topbaş (Chairman)
Industry:Discount store
Products:Basic food items and consumer goods
Area Served:Turkey - Morocco - Egypt
Net Income: 20.072 million (2016)[4]
Num Employees:37,439 (2016)[5]
Subsid:File

BİM Birleşik Mağazalar A.Ş. (BİM for short) is a Turkish retail company, known for offering a limited range of basic food items and consumer goods at competitive prices. Bim were the pioneers of this discount store model in Turkey.

Business and activities

Bim A.Ş. was founded in 1995[6] by a group of investors around Cuneyd Zapsu. Zapsu sold his shares to the investment bank Merrill Lynch in 2000. Today, the main shareholder is Mustafa Latif Topbaş.[7] At the beginning BİM had only 21 stores, but it expanded thoroughly and by the end of 2015 it counted 4972[8] and 2019, 7438 stores by the third quarter of 2021, the company operated 10.330 stores. BİM does not offer franchises, all stores are owned and operated by the company itself,[9] and they are viewed as a competition to the many independent neighborhood stores. The business model is inspired by the German discounter ALDI.

It also operates 733 stores in Morocco and 300 in Egypt. In 2005 44.12% of its shares were offered to the public.[10]

Notes and References

  1. Web site: Bim.
  2. Web site: Bim.
  3. Web site: Bim.
  4. Web site: Report . 2015 . www.bim.com.tr . 2019-08-11.
  5. Web site: Şirket çalışanlarının sayısı.
  6. Web site: Bim A.Ş. > Welcome.... 2020-08-31. english.bim.com.tr.
  7. Web site: 2010-10-05. BIM rings the changes for Turkey's shoppers. 2020-08-31. www.ft.com. en-GB.
  8. http://www.esmmagazine.com/turkish-discounter-bim-records-growth-of-21-for-2015/25282 BİM Records Growth Of 21% For 2015
  9. Web site: Bim A.Ş. Frequently Asked Questions. english.bim.com.tr. 2015-10-03.
  10. Web site: Untitled Document . 2014-06-29 . dead . https://web.archive.org/web/20151004195458/http://www.isinvestment.com/in_C_LT_companycard.aspx?stock=BIMAS . 2015-10-04 .