Karaca model, a model that enjoys a well-established 50-year historical past, has opened its second retailer at Westfield London, on the largest shopping center in Europe, after efficiently establishing its first retailer in Islington Sq., a well-liked buying location within the UK capital.
LONDON – Karaca, a outstanding model within the Turkish house and way of life sector for 50 years, is delighted to announce the opening of its second retailer in the UK, located at Westfield London, Europe’s largest buying centre. This transfer marks a major step in Karaca’s international growth technique, following the success of its inaugural retailer in London’s Islington Sq..
Based in 1973, Karaca has advanced right into a family title in Türkiye, famend for its numerous array of over 28,000 merchandise. The model has revolutionized the house and way of life trade with its revolutionary and high-quality choices, starting from kitchen necessities and tableware to small family home equipment and chic house equipment. Amongst its standout merchandise is the Positive Pearl Assortment, the world’s first and solely dinner set created from actual pearls, exemplifying Karaca’s dedication to distinctive design and craftsmanship.
Strategic funding within the UK marks the beginning of worldwide market growth
Karaca‘s worldwide presence spans 48 international locations with 305 shops and greater than 2,000 gross sales factors, and is testimony to its enduring legacy and recognition. The corporate’s growth into the UK market is a strategic transfer to cement its place as a pacesetter within the international market.
Cihangir Çetintırnak, Nation Director of Karaca UK, remarked, “After a stable historical past of fifty years, our imaginative and prescient is to determine ourselves as one of many prime three manufacturers in our class not simply in Europe and America, however the world over. The opening of our second retailer in Westfield London, is a vital milestone in reaching our 2030 imaginative and prescient. Following the success of our Islington Sq. retailer and our rising presence within the UK e-commerce market, we’re captivated with utilizing the UK market as a springboard for increasing our international presence.”
Strengthening UK-Türkiye commerce relations for a brand new period of financial partnership
The growth of Karaca within the UK aligns with the broader context of burgeoning commerce relations between the UK and Türkiye. UK authorities has lately initiated a name for enter in order to determine a brand new, modernised free commerce settlement (FTA) with Türkiye. This FTA goals to supersede the prevailing settlement, which relies on outdated provisions from the Nineteen Nineties and restricted to items buying and selling solely.
The brand new FTA will likely be extra encompassing, overlaying new sectors corresponding to technical and digital providers, tech, in order to serve extra successfully the wants of the Twenty first-century financial system. The rising quantity in commerce, which reached a determine of £26 billion within the 12 months main as much as June 2023 additional highlights Türkiye’s position as one of many prime 20 buying and selling companions for the UK.
Karaca’s development within the UK market is a mirrored image of this blossoming financial relationship. The up to date FTA is predicted to create extra alternatives for Turkish firms to determine and develop their presence in London and throughout the UK, fostering a dynamic enterprise surroundings and enhancing cultural trade.
Contact: Yasin Erdurmuş, [email protected]
Karaca Group, with 11 manufacturers together with Karaca Residence and Emsan, operates globally with a workforce of slightly below 3,500 staff. It brings collectively a variety of merchandise in over 140 classes, from revolutionary dinnerware to cutting-edge house home equipment, underneath its flagship model.