Migros Ticaret A.Ş. is one of the biggest chains of supermarkets in Turkey.[citation needed]

Together via Migros supermarkets, Macrocenter Stores, international Ramstore shopping centers, online and mobile shopping, wholesale stores, and mobile sales units, Migros Turkey serves an estimated 160 million customers.[citation needed] As of Nov 2014, the company operates a total of 1,156 stores: 852 Migros stores, 212 Tansaş stores, 24 5M stores and 27 Macro Centers stores in Turkey, 41 Ramstores in Kazakhstan and North Macedonia, according to its website.[3]

News reports in February 2008 indicated that BC Partners has agreed to buy Migros Türk in Turkey's biggest-ever leveraged buyout. [citation needed] The London-based firm will trade Koc Holding 1.98 billion TL for a 51 percent stake in Migros Türk. Later, BC increased its stake to 98 percent. In 2011, the group sold approximately 20% back to public market investors.[4][5] BC Partners revealed in January 2015 that it would sell its 40.25 percent stake in its supermarket chain Migros to the Turkish conglomerate Anadolu Group for around $2.74 billion.[citation needed]

The logo of Migros Turkey is similar to an older version of the Swiss Migros logo but uses a dotted i, as the dotless I represents a different letter in the Turkish alphabet with phonetic value /ɯ/, a close back unrounded vowel. As in Switzerland, the supermarkets are categorized in three size classes of M, MM and MMM but with another size 5M:[citation needed]

  • M Migros supermarkets are selling basic groceries and a limited number of non-food products
  • MM Migros stores offer a wider range of non-food articles besides the basic groceries
  • MMM Migros stores have a larger product spectrum ranging from stationery to textile products, electric household appliances to bakeries, books and cosmetics
  • Additionally, there is a fourth class, the 5M Migros have the widest product selection and are found mostly in the Anatolian Tigers or tourist areas of the southwest coast, as well as in Ankara.
  • Additionally, there is a fifth class, the Migros jet, mini-markets in boroughs, formed by acquisition of Tansaş resembling its Mini Tansaş line.

History

The Governor of Istanbul Fahrettin Kerim Gökay, together with the Foreign Minister Fethi Çelikbas [tr] approached the founder of the Swiss Migros, Gottlieb Duttweiler in 1953, in order to organize a sustainable food supply to the major population centers of Turkey.[6] Migros Turkey was established in 1954 as a joint venture with the Swiss Federation of Migros Cooperatives. Duttweiler and Charles Henri Hochstrasser, the first head of Migros Türk also held considerable percentages.[6] Initially, Migros Turkey operated via sales trucks (like its Swiss counterpart) only later to open storefronts – the first in 1957 at the fish market in Beyoğlu, Istanbul.[7]

In 1975, the Koç Group took control of the company[7] by acquiring a majority of its shares. Thereafter, Migros rapidly increased the number of stores in Istanbul, establishing the necessary infrastructure for purchasing fruits and vegetables directly from producers and farmers.[citation needed]

In 1981, a central perishables warehouse was opened.

In 1988, following development in Istanbul, 4 large stores were opened in İzmir, and infrastructure investment was started in the Aegean region.[citation needed]

In addition to neighborhood stores in Istanbul and İzmir, larger stores were opened in new residential and suburban areas – an MM market in İzmir, followed by two MMM stores in Istanbul, in 1991.[citation needed]

In 1991, Migros became a publicly traded company.[citation needed]

Around this time, Migros extended its chain of supermarkets to other large cities, such as Antalya, Ankara and Bursa, and the resorts destinations of Marmaris, Bodrum, Silivri and Yalova.[citation needed]

In 1995, Migros introduced a low-cost brand outlet named Şok. Started in Istanbul, the discount markets expanded to Ankara and İzmir. Şoks offer both food and non-food items.[citation needed]

Rapid growth

In 1996, Migros opened its first store outside of Turkey – a Ramstore in Baku, Azerbaijan – followed up the next year with a shopping center in Moscow, Russia. With the success of the first Ramstore in Baku, four new stores were opened in Azerbaijan.[citation needed]

Migros opened a second, larger, Ramstore shopping center in Moscow's Maryina Roscha district. In 1998, a new Ramstore shopping center's foundation was laid in Kazakhstan.[citation needed]

In 1999, Migros Turkey launched its online presence, Kangurum, hosting more than 25,000 products from 60 different stores, ranging from refrigerators, wedding rings, toys, bouquet arrangements, and tomatoes to vacation reservations.[citation needed]

Migros presented the Bakkalım (literally: My Grocery) store format in the first quarter of 2000, spreading in Istanbul, İzmir and Ankara; they number 700, today.[citation needed]

In 2006, а Ramstore was opened in Bishkek, Kyrgyzstan through a Kazakh subsidiary.[8]

It is reported that Migros Turk's market share was 8.6 percent at the end of 2006, compared with 5.3 percent for its second-place competitor.[9]

Ramstores in Sofia, Bulgaria were closed down in 2007.[10]

In September 2007, Migros sold its 50% interest in Ramenka, which operated 53 Ramstores in Russia and other Eastern European countries, for US$542.5m to its venture partner: Enka Holdings (Enka Insaat Sanayi AS). In 2006, that operation accounted for about a fifth of Migros's revenue of US$3.3 billion.[11]

In February 2008, BC Partners Ltd. agreed to acquire Migros Türk TAS, Turkey's largest supermarket chain, for about US$3.2 billion in the country's biggest-ever leveraged buyout, gaining 961 stores in Turkey and nearby countries through the acquisition.[9] In 2009 Migros Türk issued an Initial Public Offering (IPO) at the Istanbul stock exchange.[12]

In 2011, the company sold its stores in Azerbaijan, contracting its international footprint to just two countries outside of Turkey.[citation needed]

As of 2019, Migros Ticaret A.Ş. has 2008 Migros stores in 81 provinces of Turkey, 51 Macrocenter stores in 6 provinces, 44 Ramstore stores in Kazakhstan and North Macedonia.[13]

Controversies

Controversy over animal abuse

Migros is being called out by customers for selling eggs that are sourced from caged and abused hens and refusing to publish a cage-free commitment. The petition asking Migros to abandon cage eggs collected over 130,000 signatures.[14][15]

See also

References

  1. ^ "Migros Ticaret A.Ş." Retrieved 1 July 2015.
  2. ^ "Organisation and Nature of Operations (page 9)" (PDF). MİGROS TİCARET A.Ş. Retrieved 20 April 2024.
  3. ^ "Our Brands". Migros Ticaret AS. Retrieved 22 November 2014.
  4. ^ "Wal-Mart eyes takeover of Turkey's Migros Ticaret". Yahoo Finance UK. 12 December 2012. Retrieved 1 July 2015.
  5. ^ "Walmart eyes bid for Turkish retailer". Financial Times. Retrieved 1 July 2015.
  6. ^ a b Hartmann, Heinrich (2020). "Wir wünschen Ihnen mit diesem Türken guten Erfolg" (PDF). Schwabe Verlag: 47–48. doi:10.24894/2296-6013.00051. S2CID 226468980.
  7. ^ a b Mordrelle, Eflamm (26 May 2020). "Hot Corner: Diese Migros gibt Vollgas". Finanz und Wirtschaft (in German). Retrieved 2021-07-19.
  8. ^ Lymar, Anton (6 June 2006). "Ramstore supermarket will open in Turkish center of VEFA, being built in the capital of Kyrgyzstan" (in Russian). 24.kg. Retrieved 21 September 2017.
  9. ^ a b "BC Partners to Buy Turkey's Migros for $3.2 Billion (Update4)". Bloomberg. Archived from the original on 2014-11-29. Retrieved 2019-10-04.
  10. ^ Markova, Zornitsa. "Ramstore released all of its stores in Sofia" (in Bulgarian). Economedia. Retrieved 21 September 2017.
  11. ^ Kayakiran, Firat. "Migros Turk, Seeking Buyer, Sells Russian Store Chain". Bloomberg. Archived from the original on 2015-09-24. Retrieved 2019-10-04.
  12. ^ Mordrelle, Eflamm (26 May 2020). "Hot Corner: Diese Migros gibt Vollgas". Finanz und Wirtschaft (in German). Retrieved 2021-07-19.
  13. ^ "Migros Ticaret A.Ş." (PDF). Retrieved 25 January 2023.
  14. ^ "STK'lerden ortak çağrı: Migros eziyete dur de". birgun.net (in Turkish). Retrieved 2023-05-12.
  15. ^ "STK'lardan ortak çağrı: Migros eziyete dur de - Yeşil Gazete" (in Turkish). 2023-05-11. Retrieved 2023-05-12.
No tags for this post.