Saat & Saat buys Aydinli Group to scale US Polo Assn. apparel presence

Turkey-based HRK Holding, operating nether the sanction Saat & Saat, has acquired apparel shaper and retailer Aydinli Group.

The transaction was confirmed by USPA Global, which oversees US Polo Assn., the authoritative marque of the United States Polo Association.

Both Saat & Saat and Aydinli Group person agelong served arsenic licensing partners of the brand.

Aydinli Group manages US Polo Assn. retail networks worldwide, operating adjacent to 450 branded stores, alongside aggregate determination e-commerce platforms and wholesale organisation done section stores.

According to the property statement, the determination expands the determination apparel footprint of US Polo Assn. crossed Turkey, the Middle East, Eastern Europe and North Africa.

Through the deal, Saat & Saat gains power of Aydinli’s established apparel operations, which span much than 50 countries crossed the region.

Upon completion, Ramazan Kaya, main enforcement serviceman of Saat & Saat, volition besides instrumentality connected the relation of CEO astatine Aydinli Group.

USPA Global president and CEO J Michael Prince said: “We would similar to congratulate Ramazan Kaya, arsenic Founder and CEO of Saat & Saat, connected the caller acquisition of Aydinli. As a long-time spouse of US Polo Assn., we judge this strategical modulation volition supply our planetary sports marque the accidental to elevate and grow our business, targeting $1bn successful retail income crossed the portion successful the coming years.”

The acquisition represents Saat & Saat’s determination into the planetary apparel segment, expanding beyond its halfway activities successful watches and accessories.

Aydinli Group’s collaboration with US Polo Assn. began successful 1997 and has supported the brand’s semipermanent determination development.

More caller milestones see the opening of a flagship US Polo Assn. determination astatine Istanbul’s Istinye Park successful 2024 and the rollout of astir a twelve dedicated determination marque websites.

Across Turkey, the Middle East, Eastern Europe and North Africa, US Polo Assn. present operates much than 1,500 points of sale.

On a planetary basis, the marque has a beingness successful 190 countries and records retail income exceeding $2.5bn.

Saat & Saat CEO Ramazan Kaya added: “We’re arrogant to instrumentality this important measurement successful our long-standing concern with US Polo Assn., expanding and strengthening our beingness successful 1 of the astir dynamic retail markets successful the world. This acquisition allows america to accelerate growth, heighten our capabilities, and presumption some our institution and the marque for a almighty adjacent signifier successful Turkey, the Middle East, Eastern Europe, and North Africa.”

"Saat & Saat buys Aydinli Group to standard US Polo Assn. apparel presence" was primitively created and published by Retail Insight Network, a GlobalData owned brand.