Despite the global recession, Turkish clothing maker and seller Koton is planning to expand its reach in the region by opening eight more shops in the Gulf Cooperation Council next year, the company’s top official told Gulf News.
Three of the proposed stores are scheduled to open in the UAE, while the others will be in Saudi Arabia, expanding the company’s GCC network from the current 27 to 35 stores.
According to Koton chairman Yilmaz Yilmaz, the Middle East still offers great opportunities for growth, so they will continue to expand their business throughout the region by building strong franchise relations.
“There are still great opportunities available within the Middle East as the market has not yet matured. If you compare the potential shopping mall facilities in the Middle East with those available within mature markets, the opportunity for growth here is obvious, Yilmaz told Gulf News.