Koton (company)
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| Industry | Clothing |
|---|---|
| Founded | 1988 |
| Headquarters | Istanbul, Turkey |
Number of locations | 480+ stores (2019) |
Area served | Worldwide |
Key people | Gülden Yılmaz |
| Products | Clothing |
| Revenue | $660 million (2023) |
| Owners | Gülden Yılmaz |
Number of employees | 11,500 |
| Website | www |
Koton is a Turkish multinational clothing company.[1] As of 2015, the chain had over 480 retail stores in 28 countries.[2]
History
[edit]Koton started in 1988 with a 25-square-metre (270 sq ft) store in Kuzguncuk.[3] On May 10, 2024, the company went public with the code "KOTON" and started trading on Borsa Istanbul on July 9, 2024. The public offering size of the company, of which 16.5 percent of its shares were listed on the stock exchange, was 4.17 billion liras.[4]
Koton has stated that it plans to increase its use of recycled materials in packaging by 50% in 2024. It also plans to use only renewable energy in its facilities by 2023, and be carbon neutral by 2040.[3]
References
[edit]- ^ "How Turkish companies can become global successes | McKinsey". www.mckinsey.com.
- ^ "Koton Will Be The World's Leading Brand". textotex. 2015-05-29. Retrieved 2015-10-13.
- ^ a b ekonomist.com.tr. "36 yıl önce Kuzguncuk'ta başlayan yolculuk". www.ekonomist.com.tr (in Turkish). Retrieved 2024-07-29.
- ^ "Borsa İstanbul'da gong Koton için çaldı". DHA | Demirören Haber Ajansı (in Turkish). 10 May 2024. Archived from the original on 12 May 2024. Retrieved 12 May 2024.
External links
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