Migros Corporate Governance Analysis According To Capital Market Board
...Cooperatives Union and the Istanbul Municipality, Migros Türk T.A.fi. embraced its mission to procure food supplies and consumer goods from producers under the supervision of the municipal authorities and offer these products to Istanbul residents in hygienic conditions
and at economic prices. Migros opened its first store in the Beyo¤lu Fish Market; the Koç Group acquired the majority shares of the company in 1975, after which the number of stores and its brand equity grew rapidly.
Making a major leap forward and further strengthening its market-leading position by acquiring Tansafl, Migros offered its customers differentiated brands under different formats thanks to the synergy created by this acquisition.
The number of Migros stores reached 878 by the end of 2006, made up of 84 M, 84MM, 34 MMM, 357 fiok, 3 hypermarket, 228 Tansafl and 8 Macrocenter outlets throughout the seven geographical regions in Turkey; 3 Ramstores in Azerbaijan, 64 Ramstores in Russia, 7 Ramstores in Kazakhstan, 3 Ramstores in Bulgaria, 2 Ramstores in Macedonia and 1 Ramstore in Kyrgyzstan through its foreign subsidiaries. Migros continues to be the sector leader with a halfcentury of experience.
Migros expanded the services it offers by providing an ordering service via alternative shopping channels such as the Internet, telephone, kiosk, catalog and cell phone, as well as home deliveries.
As the undisputed leader in the modernretail sector in Turkey, Migros works to satisfy the needs of its customers through a broad range of products from stationery to glassware, appliances to books, CD to ready-to-wear clothing, in addition to food and consumer goods, in large, efficiently designed stores.
In addition to the confidence it places in its human resources, Migros strives to offer the latest technological advances to its customers. With an emphasis on and...
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