date:May 28, 2014
een restructuring Kipa's business in eastern Turkey around Ankara, where its stores are bigger and the brand is not so well known, closing nine loss-making stores in the 2013/14 fiscal year.
Tesco said last month it had seen a gradual improvement in like-for-like sales in Turkey over the 2013/14 year although revenue from the business fell 9 percent to 679 million pounds ($1.14 billion), as Kipa suffered from strong competition and our relative exposure to large store formats.
A Tesco Kipa off