Skip to content
Subscriber Only

Turkish Retailer Beymen Said in Talks With BofA, Citi on IPO

  • Boyner also said in talks with Deutsche Bank, Is Investment
  • Turkish companies raised about $700 million from IPOs in 2017
Updated on

The owners of the Turkish distributor of luxury brands including Christian Dior and Dolce & Gabbana are in talks with Bank of America Corp., Citigroup Inc. and Deutsche Bank AG to manage its initial public offering, according to three people with knowledge of the matter.

Boyner Perakende ve Tekstil Yatirimlari AS is also holding discussions with Turkish brokerage Is Investment for the share sale of its wholly-owned subsidiary Beymen Magazacilik AS in Istanbul, according to two of the people, who asked not to be identified because the plans are private. The company is looking for other potential advisers, one person said.