Sunday, January 22, 2017

INSIGHT-Crumbling lira pressures Turkish retailers as economy slows

ISTANBUL, Jan 22 (Reuters) - Turkish businessman Tekin Acar

had contracts to open branches of his leading cosmetics chain in

ten new shopping malls this year. A few days ago he cancelled

nine of them after sharp falls in the lira meant he would

struggle to afford the rents.

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