Turkey's Competition Board

Turkey's competition board opens probe into claims of 'overpricing moves' in fresh fruit, vegetable sector

Turkey's Competition Board has opened a probe into claims that recent hikes in fresh fruit and vegetable prices were caused by unfair competitive moves by some companies, citing extreme price increases in some products that have a significant share in the budgets of low and middle incomers. 

France's Sephora acquires Turkey's Tekin Acar Cosmetics

Prominent Turkish cosmetics retailer Tekin Acar has been acquired by France's Sephora, with both companies applying to Turkey's Competition Board for approval of the sale. 

The sale comes months after Tekin Acar boss Tekin Acar told journalists that both the sector and his business were facing difficulties.