WHO OWNS KOTON?
Yılmaz Yılmaz was born in Adapazarın in 1962. His main profession is as an officer. He graduated from the Naval Academy in 1984 with the rank of Naval Lieutenant. When he left the Naval Forces Command in 1991, he served as SAS Team Commander with the rank of first lieutenant.
WHERE WERE THE FOUNDATIONS OF KOTON?
Export surplus products were being sold in Adapazarın. Then, it started by opening a small store in Kuzguncuk. The business, which was started with a capital of 2 thousand dollars, has become a world-famous clothing company that reaches hundreds of stores today.
WHEN DID KOTON OPEN ITS FIRST STORE?
Koton’s first store was opened in Bakırköy in 1996, and its second store was opened in Kadıköy Bahariye in the same year. By the 2000s, it reached 10 stores.
HOW DID IT GROW
Koton opened its first overseas store in Munich, Germany. It is stated that it made a loss of 200 thousand marks in the first year. However, by the end of the second year, this situation stabilized. In the following years, it reached a volume of 200 million. Today it has 77 stores in Germany.
IN WHICH COUNTRIES DO THEY HAVE STORES?
Apart from Turkey, Koton has stores in countries such as UAE, Kazakhstan, Moldova, Kingdom of Saudi Arabia, Serbia, Libya. It is stated that Koton has more than 8,500 employees. It has a total of 434 stores, 159 of which are in Turkey. It is present in 28 countries and its headquarters is in Istanbul.
WHAT HAPPENED?
Approval was given for the new public offering by the Capital Markets Board. Koton Mağazacılık Tekstil Sanayi ve Ticaret AŞ company is going public.
HOW MUCH ARE KOTON SHARE PRICES?
The public offering of Koton Mağazacılık Tekstil Sanayi ve Ticaret A.Ş. has been approved at a share price of 30.50 lira.
HOW WILL THE COTON LOT DISTRIBUTIONS BE?
Koton Mağazacılık Tekstil Sanayi ve Ticaret AŞ’s public offering application was approved. The size of the public offering was announced as approximately 4.1 Billion TL. Koton’s public offering will be distributed equally to individuals.
Source: industrygazetesi.com.tr
