RPT-INSIGHT-Crumbling lira pressures Turkish retailers as economy slows
January 23, 2017 at 01:30 AM EST
ISTANBUL, Jan 22 (Reuters) - Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he cancelled nine of them after sharp falls in the lira meant he would struggle to afford the rents.
