DeFacto news and archive

DeFacto to launch in the UK

Turkish fashion retailer DeFacto is set to launch its e-commerce site for the UK market, as it continues to expand its presence throughout 90 countries. The fast-growing label has operated in Europe for over a decade, with this launch in the UK being its first debut into the market. “We are delighted to bring the DeFacto brand to the UK and...

Business

Market volatility puts Turkish apparel IPOs on freeze

Turkish retailers DeFacto and Beymen have been forced to cancel their respective initial public offerings of shares (IPOs) due to high volatility in emerging markets. In a statement to the Istanbul stock exchange issued on May 4, DeFacto’s board announced it “will evaluate the transaction in the future.” A previous document issued earlier this...