Editing Tesco (section)

==== Turkey ====
[[File:Kipacigli.jpg|thumb|Kipa Extra store in [[Çiğli]], [[İzmir Province|İzmir]], Turkey, 2023]]
In November 2003, Tesco announced its entry into the Turkish market by purchasing a stake in the [[Kipa (supermarket)|Kipa]] supermarket chain for £75/£80 million.<ref>{{Cite web|url=https://www.theguardian.com/business/2003/nov/12/turkey.supermarkets|title=Tesco's forays take it to Turkey|first=Jill|last=Treanor|date=12 November 2003|via=The Guardian}}</ref> Talks between the two businesses of a possible merger were signalled as early as 2002.<ref>{{Cite web|url=https://www.just-food.com/news/turkey-uk-tesco-acquires-turkish-hypermarket-chain-kipa/|title=TURKEY/UK: Tesco acquires Turkish hypermarket chain Kipa|date=11 November 2003}}</ref> The business was renamed Tesco Kipa and began opening stores using the standard Tesco trading pattern as in the UK. In March 2006, the first Kipa Ekspres convenience stores opened in the country.<ref>{{cite web|url=https://www.tescoplc.com/media/nkughjgf/tescokipa_2006.pdf|title=Tesco Investors Presentation|publisher=Tesco|access-date=21 April 2025}}</ref><ref>{{cite web|url=http://www.tescoplc.com/index.asp?pageid=372|title=Tesco PLC - About us - Our businesses - Tesco Kipa - Tesco in Turkey|work=Tesco plc|access-date=18 October 2014|archive-date=28 September 2014|archive-url=https://web.archive.org/web/20140928213822/http://www.tescoplc.com/index.asp?pageid=372|url-status=live}}</ref> By December 2008, Tesco Kipa operated 100 stores.<ref>{{Cite web|url=https://www.just-food.com/news/turkey-tesco-opens-100th-kipa-store/|title=TURKEY: Tesco opens 100th Kipa store|date=5 December 2008}}</ref> The first Kipa Extra store opened in October 2010.<ref>{{cite web|url=https://www.tescoplc.com/media/cksjq52x/tesco_kipa_-_tesco_in_europe_2011.pdf|title=Tesco Kipa – Turkey|date=1 June 2011|publisher=Tesco|access-date=21 April 2025}}</ref>

In February 2014, Tesco considered selling a stake in the business to [[BC Partners]], the then-owners of [[Migros Türk]], although the talks were held off in May.<ref>{{Cite web|url=https://www.theguardian.com/business/2014/may/27/tesco-turkey-kipa-partner-talks-collapse|title=Tesco fails to secure partner for Turkey Kipa chain|first=Sarah|last=Butler|date=27 May 2014|via=The Guardian}}</ref> In June 2016, Tesco announced that they would exit Turkey and sell its 95.5% stake in Tesco Kipa to Migros Türk.<ref>{{cite news |title=Tesco sells Turkish subsidiary Kipa to Migros |newspaper=[[Daily Sabah]] |url=http://www.dailysabah.com/money/2016/06/09/tesco-sells-turkish-subsidiary-kipa-to-migros |date=8 June 2016 |accessdate=10 June 2016}}</ref><ref>{{cite news|url=https://www.reuters.com/article/us-tesco-kipa-migros-sale-idUSKCN0YW0FV|title=Tesco's Turkish unit sells 95.5 percent of its shares to Migros|date=10 June 2016|work=Reuters|access-date=15 February 2023|archive-date=13 June 2016|archive-url=https://web.archive.org/web/20160613122923/http://www.reuters.com/article/us-tesco-kipa-migros-sale-idUSKCN0YW0FV|url-status=live}}</ref> The sale was completed in February 2017.<ref>{{Cite news|url=http://www.cityam.com/260088/tesco-completes-sale-its-kipa-business-turkey|title=Tesco completes sale of its Kipa business in Turkey|last=Cahill|first=Helen|date=2017-03-01|access-date=2018-05-18|language=en}}</ref><ref>{{Cite web|url=http://www.hurriyetdailynews.com/competition-authority-approves-acquisition-of-tesco-kipa-by-migros-109574|title=Competition authority approves acquisition of Tesco Kipa by Migros|website=Hürriyet Daily News|language=en|access-date=2018-05-18}}</ref>