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Wednesday, December 16, 2009

German cosmetics chain to enter Turkish market

"Wednesday, December 16, 2009
ISTANBUL – Daily news with wires

Dirk Rossmann GmbH, Germany’s third-largest drugstore company, will open three stores in Turkey next year to become one of the country’s first drugstore-chain operators, the company announced Wednesday.

The Turkish unit will be 75 percent owned by Rossmann while local PNR Group will hold the rest, Bloomberg cited the Burgwedel, Germany-based retailer as saying. The first Rossmann shop is expected to open in Turkey in the spring of 2010. "

More:German cosmetics chain to enter Turkish market - Hurriyet Daily News and Economic Review