Welcome to the latest edition of The Moodie Davitt Spotlight Series eZine, in which we profile one of travel retail’s most ambitious players, Setur Duty Free.
Founded in 1964, the Turkish company is one of the world’s longest-established travel retailers. Today it is looking forward to a new expansionist era, as it seeks to seize concession and M&A opportunities at home and abroad. This special eZine spells out those ambitions and examines a company with both the backing and conviction to expand considerably at home and abroad.
Setur Duty Free’s owner is Koç Holding, Turkey’s largest industrial conglomerate, a hugely powerful group that serves as a driving force of the country’s economy. Remarkably, Koç Holding’s combined turnover equates to 8% of the national income and it generates 9% of Turkey’s exports.
Koç Holding was Turkey’s first joint stock company and is the only Turkish enterprise listed in the Fortune Global 500. Its market capitalisation is the highest on Borsa Istanbul and its contribution to Turkey’s taxation revenues and employment figures exceeds any other company.
With that kind of backing in place, Setur Duty Free is confident that it can deliver on its ambitions within a global travel retail channel that has been radically transformed by the COVID-19 pandemic. This publication signals that intent.
Martin Moodie, Founder & Chairman, The Moodie Davitt Report
