Retailing

Turkey’s Trendyol raises $1.5 bln, valuing it at $16.5 billion

Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said yesterday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion.

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That makes the company Turkey's first "decacorn," a word used for those companies over $10 billion, according to a written statement.

Chaos in Britain; millions of people in isolation; stores empty, no one to work PHOTO

Retail chain owners are urging ministers to take urgent action.
Namely, 'Freedom Day' took place in England on Monday, i.e. the abolition of almost all restrictions related to the coronavirus pandemic, but at the same time the number of newly infected is growing and chaos is being created due to self-isolation application.

Prefect Alin Stoica: Target of five-million vaccinated persons by June 1, difficult, but not impossible

Bucharest Prefect Alin Stoica on Wednesday stated that the target of five million people vaccinated by June 1 is "difficult to reach, but not impossible." "The target is, let's say, difficult to reach, but not impossible. (...) I do not have an expected date. For now, the target is five million on June 1.

Bulgaria: Big Retail Chains Mad at Government for Not Lifting Lockdown and Lack of Support

Another angry open letter was sent today by the Association for Modern Trade (MTA) , an organization that brings together some of the largest food and non-food retail stores in Bulgaria. It once again notes that the decision of the authorities not to open from April 1 the large non-food stores is detrimental to their business.

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