DOGANLAR HOLDING TO MAKE USD 200M INVESTMENT

BY LEYLA ILHAN

Doganlar Holding, which includes furniture brands such as Dogtaş, Kelebek and Lova Yatak as well as companies in energy and construction, will make a USD 200m investment within a year, according to Davut Dogan, Chairman of Doganlar Holding. The company will invest USD 160m in energy, USD 10m for a furniture factory they will establish in Senegal, and the rest for new Dogtas and Kelebek stores within a year. Doganlar Holding grew by 65% last year and expects 75% growth this year. “We established our company under the name D Africa and entered this market with the BigA brand. The construction of the factory will be completed in November,” said Dogan. A store will also be launched in Senegal for the Dogtas brand. The holding expects a TRY 3bn turnover this year, TRY 1.7bn of which will come from furniture.

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