Migros (company)
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| Company type | Anonim Şirket |
|---|---|
| BİST: MGROS | |
| Industry | Retail Supermarket |
| Founded | 1954 |
| Headquarters | , |
Number of locations | 3,344 stores
|
Areas served | Turkey |
Key people | Ömer Özgür Tort (General Manager)[1] |
| Revenue |  US$8.51 billion (2024) |
 US$190 million (2024) | |
| Total assets | US$4.34 billion (2024) |
| Total equity | US$1.67 billion (2024) |
| Owner | Anadolu Grubu |
Number of employees | 50,915[2] (2023) |
| Website | migroskurumsal |
Migros Ticaret A.Ş. is a supermarket chain in Turkey.
As of 2025, the company operates a total of 3,662 stores: 3,344 Migros, 216 Macrocenter and 102 Mion in Turkey.[3]
History
[edit]Migros (1954-1975)
[edit]The Governor of Istanbul Fahrettin Kerim Gökay, together with the Foreign Minister Fethi Çelikbaş 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.[4] 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.[4] 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.[5]
Koç Group (1975-2008)
[edit]In 1975, the Koç Group took control of the company[5] 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] 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.
BC Partners (2008-2015)
[edit]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 for a 51% stake in Migros Türk. Later, BC increased its stake to 98%. In February 2008, BC Partners Ltd. agreed to acquire Migros Türk TAS, Turkey's largest supermarket chain, for about US$3.2 billion, gaining 961 stores in Turkey and nearby countries through the acquisition.[6] In 2009 Migros Türk issued an Initial Public Offering (IPO) at the Istanbul stock exchange.[7]
In 2011, the group sold approximately 20% back to public market investors.[8][9]
Anadolu Group (since 2015)
[edit]BC Partners revealed in January 2015 that it would sell its 40.25% stake in its supermarket chain Migros to the Turkish conglomerate Anadolu Group for around US$2.74 billion.[citation needed] As of 2019, Migros Ticaret A.Ş. has 2,008 Migros stores in 81 provinces of Turkey, 51 Macrocenter stores in 6 provinces, 44 Ramstore stores in Kazakhstan and North Macedonia.[10]
Operations
[edit]Current store formats
[edit]Macrocenter
[edit]Health food stores have an exclusive product portfolio offering a curated selection of fine foods from around the world, alongside unique traditional Anatolian flavours.
Migros
[edit]
Supermarkets' logo is similar to an older version of the Swiss Migros logo, but with dotted i.
- Migros Jet mini-markets in neighbourhoods, formed by acquisition of Tansaş resembling its Mini Tansaş line.
- M Migros stores sell 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.
- 5M Migros hypermarkets have the widest product selection and are found mostly in Ankara, the Anatolian Tigers and touristic areas of the southwest coast.
- Migros Toptan wholesale arm, serving the out-of-home consumption sector (HORECA) with six regional offices across Turkey. It offers a wide range of food and non-food products.
Mion
[edit]Beauty store that aims to support everyone who wants to take care of themselves by making personal care more accessible and inclusive, promoting well-being as something attainable for all.
Defunct store formats
[edit]Ramstore
[edit]
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 2006, а Ramstore was opened in Bishkek, Kyrgyzstan through a Kazakh subsidiary.[11] 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.[6] Ramstores in Sofia, Bulgaria were closed down in 2007.[12] 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.[13]
In 2011, the company sold its stores in Azerbaijan.
In 2021, the company sold its stores in North Macedonia. In 2024, the company sold its stores in Kazakhstan thereby ending Migros Türk's international presence.
Controversies
[edit]Controversy over animal abuse
[edit]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
[edit]References
[edit]- ^ "Migros Ticaret A.Ş." Retrieved 1 July 2015.
- ^ "Organisation and Nature of Operations (page 9)" (PDF). MİGROS TİCARET A.Ş. Retrieved 20 April 2024.
- ^ "Our Brands". Migros Ticaret AS. Retrieved 22 November 2014.
- ^ 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.
- ^ a b Mordrelle, Eflamm (26 May 2020). "Hot Corner: Diese Migros gibt Vollgas". Finanz und Wirtschaft (in German). Retrieved 2021-07-19.
- ^ 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.
- ^ Mordrelle, Eflamm (26 May 2020). "Hot Corner: Diese Migros gibt Vollgas". Finanz und Wirtschaft (in German). Retrieved 2021-07-19.
- ^ "Wal-Mart eyes takeover of Turkey's Migros Ticaret". Yahoo Finance UK. 12 December 2012. Retrieved 1 July 2015.
- ^ "Walmart eyes bid for Turkish retailer". Financial Times. Retrieved 1 July 2015.
- ^ "Migros Ticaret A.Ş." (PDF). Retrieved 25 January 2023.
- ^ 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.
- ^ Markova, Zornitsa. "Ramstore released all of its stores in Sofia" (in Bulgarian). Economedia. Retrieved 21 September 2017.
- ^ Kayakiran, Firat. "Migros Turk, Seeking Buyer, Sells Russian Store Chain". Bloomberg. Archived from the original on 2015-09-24. Retrieved 2019-10-04.
- ^ "STK'lerden ortak çağrı: Migros eziyete dur de". birgun.net (in Turkish). Retrieved 2023-05-12.
- ^ "STK'lardan ortak çağrı: Migros eziyete dur de - Yeşil Gazete" (in Turkish). 2023-05-11. Retrieved 2023-05-12.
External links
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