Kuwait investors acquired stake in Turkish retailer

Kuwait-based Global Buyout Fund has reached an agreement to acquire a stake in Yargici, an upmarket women's apparel and accessories retailer in Turkey.

Founded in 1978, Yargici is operating in Istanbul, Ankara, Izmir, Bodrum and Paris with 23 stores and employs 252 people. As Dubaibeat.com reported before, this is the second acquisition done by the Fund in Turkey this year.

Global Buyout Fund is listed in the Middle East Investors Directory with the code OR25.