Retail Watchdog investigates four of Turkey’s biggest retailers By William Sellars March 11, 2025, 11:47 AM Wikimedia Commons BİM is one of four leading Turkish FMCG retailers under investigation by the country's competition watchdog Competition Authority announcement Carrefour, BİM, Migros and Şok in probe Shares drop after news breaks Turkey’s competition watchdog is carrying out an investigation into four of the country’s five biggest retailers by sales, the supermarket group Carrefour, the discount store chain BİM, the supermarket chain Migros and the discount store group Şok. Their shares on the Boursa Istanbul fell by as much as 6.3 percent on Monday, the day the Turkish Competition Authority announced its probe into the four. All four acknowledged they were under investigation but emphasised that the probe did not imply wrongdoing. Confidence builds in Turkish real economy Turkey’s economic rebound softened by soaring imports Turkey’s central bank cuts interest rates again By mid-afternoon on Monday, shares of BİM had dropped 5.5 percent, Migros’s stock was down 6.3 percent and shares in Şok were down 3.2 percent. Shares in the French-based Carrefour were unchanged. “We have seen this kind of news relating to the retail sector during the pandemic,” said Üzeyir Doğan, a deputy general manager at the investment and securities house A1 Capital in Istanbul. “The impact comes on the first or second day, and then the shares return to their normal levels.” BİM, Migros and Şok are the three biggest retailers in fast moving consumer goods in Turkey. A101 is number four and Carrefour number five. Their combined turnover last year was $15 billion, with BİM accounting for half of that. A101 is not under investigation. BİM also operates in Egypt and Morocco.
