Local stocking firm Carlyle, join forces
ISTANBUL - Hürriyet Daily News
Penti Group Chairman Sami Kario is pleased with the deal. Company photoA leading Turkish stocking producer, Penti, has signed a partnership agreement with one of the world’s largest investment funds, The Carlyle Group, to become a leading global stocking producer, according to a company press release.
Penti, established in 1950, has 39 stores in 16 countries and 155 domestic stores. In addition, the company has offices in England, China and Italy. According to the company, Penti has a 45 percent market share in the women’s stocking market in Turkey and is one of Europe’s top five stocking producers.
“We are very pleased with our partnership with The Carlyle Group. This partnership, without doubt, will solidify our global leadership position in the stocking market and also carry this to our underwear and bathing suit segment.
Our goal is to become a global Turkish brand,” said Penti Chairman Sami Kariyo.
The Carlyle Group was set up in 1987 in Washington, D.C. and is one of the world’s largest investment funds active in three main branches; private equity, real estate assets and global market strategies.