RNS Number : 2353M
SuperGroup PLC
22 August 2013
 



SuperGroup Plc

 

SuperGroup partners with Demsa Group for Turkish expansion

 

SuperGroup today announces that it has signed a five year exclusive franchise agreement with Demsa Group, a major retailer of luxury and lifestyle fashion brands in Turkey.

 

Demsa Group will open three stores - two in Istanbul and one in Ankara - by early 2014. The first store will open at Istanbul's new Zorlu Project Mall in October 2013. Demsa Group is expected to open a minimum of eight Superdry concept stores throughout the agreement.

 

In addition, Demsa Group will also carry Superdry within their Harvey Nichols department stores and their luxury multi-brand concept stores named Brand Room.

 

Julian Dunkerton, CEO of SuperGroup, said:

 

"Turkey is a territory that has held our interest for some time and our partnership with Demsa Group offers the perfect opportunity to enter this diverse and growing market. Demsa Group has an excellent understanding of our brand ethos and we look forward to growing the partnership."

 

Cengiz Cetindogan, CEO of Demsa Group, said:

 

"We are really excited to announce our partnership with SuperGroup, one of the most prestigious and well-known global companies. We aim to broaden our portfolio of investments and SuperGroup presented the perfect opportunity in the retail sector to partner with. We look forward to working with SuperGroup."

 

22 August 2013

 

Enquiries:

 

SuperGroup

 

 

Shaun Wills

Chief Financial Officer

44 (0) 1242 586456

Tony Newbould

Investor Relations Officer

44 (0) 1242 586464

 

 

 

College Hill

 

44 (0) 20 7457 2020

Matthew Smallwood

 

44 (0) 7831 379 122

 

 


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