\nH\u00fcrriyet, Turkey
\nISTANBUL – MOL Shops, established by 78 Turkish ready to wear companies to unite against cheap textile products that come from China, is launching its first branch with a spectacular discount.
\nThe branch, to be opened at midnight on Jan. 17, will offer 90 percent discounts on all products for the first 24 hours. From then on, products will be offered at a 50 percent discount.
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\nMOL takes its name from the initials of Merter, Osmanbey and Laleli, three key areas of Istanbul in ready to wear products. The company aims to reclaim a market share lost to firms from countries such as China, said Oktay \u00d6zdemir, president of MOL\u2019s executive committee and managing director of the Wenice Kids brand.<\/p>\n
“We include brands such as Wenice Kids, Deep Blue and Vigos that produce for companies such as Zara and H&M. Nobody, including China, will be able to compete with us in quality and price,” \u00d6zdemir said. “We are entering the market with producer prices. There are no intermediaries or commissions. We will show the power of Turkey in production and brand.”<\/p>\n
MOL aims to open 56 shops this year, 18 of them in Turkey and the rest in 19 other countries, he said.<\/p>\n
Many companies applied to join the MOL project, \u00d6zdemir said, adding that the key criterion was producing in Turkey and being a Turkish brand. “There are 398 producers behind our 78 member companies,” he said. “Both companies and producers will win. The system has received a lot of attention, more than 400 companies have lined up for membership. The products will have a certain quality and will be sold at bargain prices. We will sell a pair of quality trousers for 12 Turkish Liras, for example.” A large group in Germany wants to implement the MOL system, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
H\u00fcrriyet, Turkey ISTANBUL – MOL Shops, established by 78 Turkish ready to wear companies to unite against cheap textile products that come from China, is launching its first branch with a spectacular discount. The branch, to be opened at midnight on Jan. 17, will offer 90 percent discounts on all products for the first 24 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n