Women's fashion manufacturer and retailer Ipekyol on Monday unveiled plans to open its first stores in the UK, Germany, France and Spain.

The company said it hopes to double its current turnover through the expansion drive which is expected to see it open several stores in fashion capitals such as London, Paris and Madrid.

The operator of 30 stores in Turkey said its current key interntaional markets are in eastern Europe with most of its sales generates in Russia, Kazakhstan and the Ukraine.

As part of the retail drive, it also plans to open another 15 stores in Turkey with the new outlets expected to boost annual sales by at least 30 per cent.