Migros (company)
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| Company type | Anonim Şirket |
|---|---|
| BİST: MGROS | |
| Industry | Retail Supermarket |
| Founded | 1954 |
| Headquarters | , |
Number of locations | 3,645 (2025) |
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 3,645 stores: 3,336 Migros, 210 Macrocenter and 99 Mion in Turkey.[3]
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 TL for a 51 percent stake in Migros Türk. Later, BC increased its stake to 98 percent. In 2011, the group sold approximately 20% back to public market investors.[4][5] BC Partners revealed in January 2015 that it would sell its 40.25 percent stake in its supermarket chain Migros to the Turkish conglomerate Anadolu Group for around $2.74 billion.[citation needed]
Brands
[edit]5M Migros
[edit]Hypermarkets have the widest product selection and are found mostly in Ankara, the Anatolian Tigers and touristic areas of the southwest coast.
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.
- 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.
Migros Jet
[edit]Mini-markets in neighbourhoods, formed by acquisition of Tansaş resembling its Mini Tansaş line.
Migros Toptan
[edit]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.
History
[edit]
The Governor of Istanbul Fahrettin Kerim Gökay, together with the Foreign Minister Fethi Çelikbas 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.[6] 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.[6] 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.[7]
In 1975, the Koç Group took control of the company[7] 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]
Rapid growth
[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 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.
In 2006, а Ramstore was opened in Bishkek, Kyrgyzstan through a Kazakh subsidiary.[8]
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.[9]
Ramstores in Sofia, Bulgaria were closed down in 2007.[10]
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.[11]
In February 2008, BC Partners Ltd. agreed to acquire Migros Türk TAS, Turkey's largest supermarket chain, for about US$3.2 billion in the country's biggest-ever leveraged buyout, gaining 961 stores in Turkey and nearby countries through the acquisition.[9] In 2009 Migros Türk issued an Initial Public Offering (IPO) at the Istanbul stock exchange.[12]
In 2011, the company sold its stores in Azerbaijan.
As of 2019, Migros Ticaret A.Ş. has 2008 Migros stores in 81 provinces of Turkey, 51 Macrocenter stores in 6 provinces, 44 Ramstore stores in Kazakhstan and North Macedonia.[13]
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.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Mordrelle, Eflamm (26 May 2020). "Hot Corner: Diese Migros gibt Vollgas". Finanz und Wirtschaft (in German). Retrieved 2021-07-19.
- ^ "Migros Ticaret A.Ş." (PDF). Retrieved 25 January 2023.
- ^ "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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