Franchising News

Turkish apparel manufacturer to open 82 franchises in domestic, new markets in 2014

 

The Turkish apparel franchise known as Herry has over 50 stores across Turkey and will soon expand abroad.

The Turkish apparel franchise known as Herry has over 50 stores across Turkey and will soon expand abroad.

 

Turkish women’s apparel manufacturer Herry Hazir Giyim Tekstil Sanayi ve Ticaret plans to open 82 franchise stores in 2014 on the domestic and international markets.

Full 12 of the new openings in 2014, which will be operated by franchisees, will be located in Turkey while the remaining will be in foreign countries, including in new markets.

The company plans to open 304 new stores over a five-year period. Some 200 of them would be outside of Turkey.

The company will enter the Balkan countries in 2014 and will expand its presence in Europe a year later.

The apparel producer also expects to generate a revenue of 52 million Turkish lira, equal to 17 million euro, in 2014.

Herry opened its first boutique in Bakırkoy, İs
tanbul in 1992 and since then has grown to over 50 units across Turkey. It is one of the leading women’s apparel brands in Turkey.