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Wireless

Naspers to close Turkish fashion e-commerce site Markafoni

Friday 2 June 2017 | 10:18 CET | News
Media and internet group Naspers will close its Turkish e-commerce and fashion company Markafoni on 30 June, citing a challenging economic environment. Naspers said that the closure of Markafoni is a standalone decision for that business and, as the business models are quite different, has no impact on other Naspers companies and investments in Turkey. It believes Turkey remains a good growth opportunity for these other businesses, which all continue to gain traction and scale.

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Categories: Mobile & Wireless
Companies: Naspers
Countries: Turkey
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