×
116
Fashion Jobs
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
GOKALDAS EXPORTS LTD
Office Assistant - Bangalore - (Yeshwanthpur)
Permanent · Bengaluru
RELIANCE INDUSTRIES LTD
Sales Officer-Reliance Retail-tg
Permanent · Nirmal
GOKALDAS EXPORTS LTD
Safety Officer
Permanent · Madanapalle
By
Reuters
Published
Apr 18, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Turkey's Desa seeks partner in drive to be global luxury brand

By
Reuters
Published
Apr 18, 2014

Istanbul, Turkey - Turkish luxury leather goods maker Desa, which supplies brands including Prada and Mulberry, is seeking a strategic partner to help take its own label global, its chief executive said in an interview.

Desa Campaign


The Istanbul-based firm, which started 42 years ago making handbags for the domestic market, began supplying leather to top global fashion houses in the 1990s. It has also been quietly shifting its own brand into the higher-margin premium segment.

Desa has more than 100 stores in Turkey and a flagship site in London's Covent Garden. It wants to expand into new markets by establishing itself in locations including China, Paris, Milan and New York.

"It is a financially sound and strong company, so we do not need an additional infusion of cash ... to realise the business plan," chief executive Burak Celet said in an interview. His father founded the company, and his family still holds a majority stake in the business.

"What we need is a strategic partner with the right connections and right network ... to realise my dream of taking this brand international in three years instead of the ten years which the natural progression of things will take," he said.

He said the company, mostly owned by the Celet family with a 35 percent free float, was talking to several potential investors but declined to give details, beyond emphasising that Desa was not seeking a purely financial investor.

"As a family who still has the majority share in the business, we're not looking at exiting. It is a healthy business, it is a promising business, and there are still a lot of things I would like to do with the business," Celet said.

Desa generated earnings before interest, tax, depreciation and amortization of 11.8 million lira ($5.6 million) in 2013, up almost a quarter on the previous year, on sales of 183 million lira.

© Thomson Reuters 2021 All rights reserved.