150 Turkish firms opening branches abroad
There are 2,500 business chains with 60,000 branches in Turkey and there are over 150 Turkish brands that have started to open branches abroad, a leading franchising sector representative has stated.
The franchising sector is recognized as one of the most popular entrepreneurship practices and grew to a size of $43 billion last year, National Franchising Association President Mustafa Aydın told state-run Anadolu Agency, adding that it is expected to become $50 billion by the end of 2017.
Aydın noted that brands reach national and international standards through the franchising system.
“The total number of chain businesses in Turkey is 2,500. These businesses have approximately 60,000 branches in total. The ratio of foreign businesses in the sector is 29 percent. Meanwhile, there are more than 150 Turkish brands starting to establish branches abroad,” he said.
source: Hurriyet Daily News
30.08.2017
The franchising sector is recognized as one of the most popular entrepreneurship practices and grew to a size of $43 billion last year, National Franchising Association President Mustafa Aydın told state-run Anadolu Agency, adding that it is expected to become $50 billion by the end of 2017.
Aydın noted that brands reach national and international standards through the franchising system.
“The total number of chain businesses in Turkey is 2,500. These businesses have approximately 60,000 branches in total. The ratio of foreign businesses in the sector is 29 percent. Meanwhile, there are more than 150 Turkish brands starting to establish branches abroad,” he said.
source: Hurriyet Daily News
30.08.2017
