Karaca, a brand celebrated for its established 50-year history, has launched its second UK store at Westfield London, the largest shopping mall in Europe. This follows the successful establishment of its first store in Islington Square, a favoured shopping destination in the UK’s capital.
Karaca, a leading name in Türkiye’s home and lifestyle sector for five decades, proudly announces the opening of its second UK store, located in Westfield London, Europe’s most expansive shopping centre. This development is a pivotal moment in Karaca’s international expansion efforts, building on the success of its first London store at Islington Square.
Established in 1973, Karaca has become a familiar name in Türkiye, known for its extensive range of over 28,000 products. The brand has transformed the home and lifestyle industry with its innovative and superior quality products, covering everything from kitchen essentials and tableware to compact home appliances and stylish home accessories. Notably, its Fine Pearl Collection, the only dinner set worldwide crafted from real pearls, stands as a testament to Karaca’s dedication to extraordinary design and craftsmanship.
Commencing Global Market Expansion with Strategic UK Investment
Karaca’s global presence, spanning 48 countries with 305 stores and over 2,000 sales points, is a testament to its lasting legacy and widespread popularity. The brand’s foray into the UK market represents a strategic endeavour to reinforce its status as a global market leader.
Cihangir Çetintırnak, Country Director of Karaca UK, stated, “After a solid history of 50 years, our vision is to establish ourselves as one of the top three brands in our category not just in Europe and America, but across the world. The opening of our second store in Westfield London, is a crucial milestone in achieving our 2030 vision. Following the success of our Islington Square store and our growing presence in the UK e-commerce market, we are enthusiastic about using the UK market as a springboard for expanding our global presence.”
Enhancing UK-Türkiye Trade Ties for a New Economic Partnership Era
Karaca’s expansion into the UK reflects the growing trade relations between the United Kingdom and Türkiye. The UK government has recently called for contributions to form a new, modernised free trade agreement (FTA) with Türkiye, aiming to update the current agreement, which is based on outdated 1990s provisions and primarily focuses on goods trading.
This new FTA is expected to be more comprehensive, incorporating sectors like tech and digital services, aligning with the needs of the modern economy. The increase in trade, reaching £26 billion in the 12 months up to June 2023, underscores Türkiye’s status as one of the UK’s top 20 trading partners.
Karaca’s UK market growth mirrors this thriving economic relationship. The forthcoming FTA is anticipated to create additional opportunities for Turkish companies to establish and expand their presence in London and throughout the UK, fostering a dynamic business landscape and promoting cultural exchanges.
Contact: Yasin Erdurmuş, firstname.lastname@example.org
The Karaca Group, encompassing 11 brands including Karaca Home and Emsan, operates internationally with nearly 3,500 employees. It offers a diverse range of products in over 140 categories, from pioneering dinnerware to advanced home appliances, under its flagship brand.