May 03, 2011

Western Brands Meet with Easterns Consumers in Istanbul

Central Asian and Arab interest in goods of luxury brands sold in Istanbul is rising rapidly, according to Hakan Kurt, general manager of Istanbul’s Istinye Park shopping mall. The mall in central Istanbul readies to hosts worldwide famous brands such as Michael Kors, Marc by Marc Jacobs, Channel and Hermes in this summer, Kurt said.

“Foreigner’s purchase size at İstinye Park already reached 105 million euros by the end of last year,” Kurt said Monday to a small group of journalists.

The total number of foreign consumers at the mall in 2010 was estimated at 800,000, while nearly 20 percent of the total was from Azerbaijan, Kurt said.


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