Last checked at 22 Aug 2013 07:00
SuperGroup Plc
SuperGroup partners with Demsa Group for Turkish expansion
SuperGroup today announces that it has signed a five year exclusive franchise agreement with Demsa Group, a major retailer of luxury and lifestyle fashion brands in Turkey.
Demsa Group will open three stores - two in Istanbul and one in Ankara - by early 2014. The first store will open at Istanbul's new Zorlu Project Mall in October 2013. Demsa Group is expected to open a minimum of eight Superdry concept stores throughout the agreement.
In addition, Demsa Group will also carry Superdry within their Harvey Nichols department stores and their luxury multi-brand concept stores named Brand Room.
Julian Dunkerton, CEO of SuperGroup, said:
"Turkey is a territory that has held our interest for some time and our partnership with Demsa Group offers the perfect opportunity to enter this diverse and growing market. Demsa Group has an excellent understanding of our brand ethos and we look forward to growing the partnership."
Cengiz Cetindogan, CEO of Demsa Group, said:
"We are really excited to announce our partnership with SuperGroup, one of the most prestigious and well-known global companies. We aim to broaden our portfolio of investments and SuperGroup presented the perfect opportunity in the retail sector to partner with. We look forward to working with SuperGroup."
22 August 2013
Enquiries:
SuperGroup |
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Shaun Wills | Chief Financial Officer | +44 (0) 1242 586456 |
Tony Newbould | Investor Relations Officer | +44 (0) 1242 586464 |
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College Hill |
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Matthew Smallwood |
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