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Bim (company)

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(Redirected from Mustafa Latif Topbaş)
BİM Birleşik Mağazalar A.Ş.
Company typeAnonim Şirket
BİST: BIMAS
IndustryDiscount store
Founded1995; 29 years ago (1995)
Headquarters
Number of locations
12.482 shops (Turkey)[1]
687 shops (Morocco)[1]
356 shops (Egypt)[1]
Area served
Turkey - Morocco - Egypt
Key people
Mustafa Latif Topbaş (Chairman)
ProductsBasic food items and consumer goods
Revenue$11.53 billion (2023)[2]
Number of employees
85.000 (2023)[2]
SubsidiariesFile
Websitebim.com.tr

BİM Birleşik Mağazalar A.Ş. (BİM for short) is a Turkish retail company, known for offering a limited range of basic food items and consumer goods at competitive prices. Bim were the pioneers of this discount store model in Turkey.

Business and activities

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Bim A.Ş. was founded in 1995[3] by a group of investors around Cuneyd Zapsu. Zapsu sold his shares to the investment bank Merrill Lynch in 2000. Today, the main shareholder is Mustafa Latif Topbaş.[4] At the beginning, BİM had only 21 stores, but it expanded thoroughly and by the end of 2015 it counted 4972[5] and 2019, 7438 stores [3] by the third quarter of 2021, the company operated 10.330 stores. BİM does not offer franchises, all stores are owned and operated by the company itself,[6] and they are viewed as a competition to the many independent neighborhood stores. The business model is inspired by the German discounter ALDI.[4]

It also operates 733 stores in Morocco[3] and 300 in Egypt.[3] In 2005 44.12% of its shares were offered to the public.[7]

References

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  1. ^ a b c "Bim".
  2. ^ a b "Şirket çalışanlarının sayısı" (PDF).
  3. ^ a b c d "Bim A.Ş. > Welcome..." english.bim.com.tr. Retrieved 2020-08-31.
  4. ^ a b "BIM rings the changes for Turkey's shoppers". www.ft.com. 2010-10-05. Retrieved 2020-08-31.
  5. ^ BİM Records Growth Of 21% For 2015European Supermarket Magazine Retrieved 2016-03-13
  6. ^ "Bim A.Ş. | Frequently Asked Questions". english.bim.com.tr. Retrieved 2015-10-03.
  7. ^ "Untitled Document". Archived from the original on 2015-10-04. Retrieved 2014-06-29.