Markafoni announces closure

Markafoni today announced that it will discontinue operations and close, effective 30 June, 2017.
Since 2008, Markafoni has been an online shopping destination for Turkish consumers, specialised in clothing and fashion accessories. Despite initial success, the business is not scaling sufficiently to be sustainable and in a challenging economic environment for this type of business, the decision was taken to close. Markafoni would like to thank its customers and business partners for their loyalty over the years. Consumers with questions can visit http://www.markafoni.com
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. We believe Turkey remains a good growth opportunity for these other businesses, which all continue to gain traction and scale.
For more information please contact:
Kaan Öztamur
[email protected], + 90 (0212) 269 00 69
Naspers Group
Meloy Horn, Head of Investor Relations
[email protected], +27 11 289 3320