Crumbling lira pressures Turkish retailers as economy slows

ISTANBUL (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.

from Reuters: Top News http://uk.reuters.com/article/uk-turkey-economy-lira-retail-insight-idUKKBN1560K0?feedType=RSS&feedName=topNews