As part of its global growth strategy, Turkish fashion brand Koton is set to open eight new stores in Hungary. Operation is expected to start this year.
As Portfolio reports, these stores will be located in properties managed by Adventum, with operations expected to commence in 2024. The signing ceremony took place in Istanbul, attended by Koton CEO A. Bülent Sabuncu and Adventum Group Founding Partner Kristóf Bárány, according to the company announcement.
Fashion brand Koton comes to Hungary
Koton’s medium-term plans include opening 130-150 new stores worldwide, focusing primarily on international markets. The first of these stores will launch in the last quarter of 2024, all situated in shopping malls.
Three of these stores will be in Budapest, with others located in Sopron, Debrecen, Szeged, and Székesfehérvár.
The total retail space will exceed 6000 square meters, with the largest store being in Köki Shopping Center, occupying approximately 1000 square meters.
Kristóf Bárány emphasised, “Koton is one of Turkey’s largest fashion brands. We are delighted to support their expansion into Hungary.”
The Adventum Group manages over 700,000 square meters of commercial real estate in Central and Eastern Europe.
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