Global Buyout Fund Reaches An Agreement to Acquire Stake in Yargici
Yargici store at Nisantasi, 0stanbul.
Founded in 1978, Yargici is a premium retailer of women's apparel and accessories, operating in Istanbul (17), Ankara (2), Izmir (2), Bodrum (1) and Paris (1) with 23 stores and employs 252 people. Target customer base of the company is concentrated in the upper-middle to high income segment, within the range of A and B+ classes and aged between 19 and 55. The Company's sales grew at a CAGR of 32% between 2008 and 2010, whereas the women's apparel market grew at a CAGR of 2% during the same period.
A few months back, economists were openly debating whether fast-growing Turkey should be elevated into the elite club of ‘BRIC’ economies — Brazil, Russia, India and China — that are slated to dominate global growth over the next decades.
Former Mexican President Vicente Fox said this week that the only way to end the drug violence plaguing his country is for the United States to legalize drugs.
A week ago, Kyrgyz Prime Minister Almazbek Sharshenovich Atambayev arrived in Turkey for a two-day visit, meeting with top officials and attending the Turkey-Kyrgyzstan Trade and Investment Forum organised by Turkish Confederation of Businessmen and Industrialists.
Nissan Motor Co., Japan’s second- biggest carmaker, was chosen to supply New York’s next fleet of yellow taxi cabs, a deal city officials valued at $1 billion over 10 years.
Heating up the campaign for the coming parliamentary elections, Turkey’s governing party on Wednesday unveiled a proposal to build a canal parallel to Istanbul’s Bosporus that would be longer than either the Panama or Suez canals.
The Turkish Coalition of America (TCA) and the Turkish Cultural Foundation (TCF) were honored to host Congressman John Boehner (R-OH), the Speaker of the House, at a dinner in Washington, D.C.
Total compensation for executives from TOP sponsors Coca-Cola, Dow Chemical, General Electric, Procter & Gamble and Visa was released in a New York Times report Friday on the pay of major U.S. corporate leaders.
CKE Restaurants Inc. said Tuesday that it has opened its first Carl's Jr. restaurant in Istanbul, Turkey. The fast-food chain opened in the Cevahir Shopping Mall in central Istanbul. It is the first of at least 25 Carl's Jr. locations set to open in Turkey over the next six years.
eBay is announcing the acquisition of Turkish auction marketplace GittiGidiyor. The deal follows eBay’s acquisition of a minority stake in the company in 2007. With the new investment, eBay now owns approximately 93% of the outstanding shares of GittiGidiyor. Terms of the deal were not disclosed.
FOCUS Brands Inc., the owner of Carvel ice cream and Cinnabon, will add 50 locations this year to its fastest growing chain, Moe’s Southwest Grill, and expand into Turkey as the global recession recedes.
Teaneck, NJ - After learning the secrets of Turkish cuisine, his dream was always to open a restaurant. He was a very talented and hard working man who looked for a bright future for himself. After working eight years in various Turkish restaurants as a head cook, he changed his career from the culinary arts to the sea. Being a sailor was joyful job as a young man and he worked 10 years from port to port in different countries. He traveled to over 40 countries, even though he did not like any of them, and experienced diverse cultures, but he was still seeking a challenge. 
As the Internet continues to become an ever-bigger part of our lives, security concerns are increasing. The world’s second biggest Internet security company belongs to a Turkish businessman from Hatay, Melih Abdulhayoğlu. He is the owner of Comodo, which has 700 employees in five offices around the world and an annual growth rate of 50%. We are proud and pleased that his first interview in the Turkish media has been given to TURKOFAMERICA. 
Approximately 4.1 million babies are born in the United States every year. With a ratio of 2.1 children per woman, the birth rate is higher in the US than in Europe and Canada. According to the National Census Report of 2000, the number of immigrants’ children who were born in the US is 28.4 million. 
