Business

Sephora to take over 19 Tekin Acar stores

Sephora to take over 19 Tekin Acar stores

Sephora to take over 19 Tekin Acar stores

Wednesday morning the Competition Board announced that French cosmetics company Sephora will buy Turkish cosmetics giant Tekin Acar while the announcement was updated in the evening, noting that the takeover was limited to 19 stores.

Tekin Acar has 79 stores throughout Turkey. The decision was previously announced at the Competition Board with the title of "The acquisition of Tekin Acar Kozmetik Mağazacılık Tic. A.Ş.'s by Sephora Cosmetics Inc."

However, in the evening, the announcement was updated by the Competition Board. The completion of the transfer of 19 stores will take place after the approval of the Competition Board.

Source: Daily Sabah

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GoodMorningTurkey.com is your online news source about Turkey which has become one of the most closely followed and frequently discussed countries in the world. Turkey is increasingly becoming involved in world affairs, with its positive economic developments and intercultural interactions. Being strategically located between Asia, Europe and Middle East, geographically Turkey is playing an important role in the world affairs. Turkey has become world focus, and a role model country for many surrounding neighbors as a result of the recent developments and changes in the region.

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