Yıldız Holding

Europe, the U.S., Canada, and Eurasia are the main destinations for Turkish investors, a survey by PwC Türkiye has shown.

The survey asked a total of 95 Turkish executives about their existing investments and investment plans in the future.

It found that 30 percent of them prefer Europe for investment, while the Northern America's (the U.S., and Canada) share is 18 percent.

Murat Ülker, the chairman of Turkey’s Yıldız Holding, has challenged Elon Musk, the chairman of Tesla Inc, over electric engine trucks, saying that food giant Ülker has already been using such technology to deliver goo

Annie Young-Scrivner, who has rich experiences in global retail industry, has been named the new chief executive of famous chocolate maker Godiva, Turkey's Yıldız Holding, which owns Godiva, has said. 

In a statement on July 28, the company said she will start her new job on Sept. 14, replacing Mohamed Elsarky. 

Yıldız Holding, which is home to global brands such as Godiva and United Biscuits, set up the Sabri Ülker Center at the Harvard School of Public Health in 2014 with a $24 million donation. The holding has 56,000 staff on four continents; they have made $3.6 billion in investments in the past five years.  

Biscuit maker Ülker's $400 million worth of stake sales to its British holding, Pladis, was a business decision and not motivated by Turkey's domestic politics, Turkish food giant Yıldız Holding has said, Reuters reported on Dec. 26. 

Yıldız Holding has decided to sell 71.8 million shares of Ülker Bisküvi, Turkey's largest cookie and biscuit company, to its wholly owned unit Pladis as part of a strategy. 

"Yıldız Holding will be the indirect owner of the Ülker Bisküvi shares through Pladis," said the company in a written statement on Dec. 23. 

The sale will represent 21 percent of the company.

Turkish conglomerate Yıldız Holding, which owns the country's largest food company, Ülker Holding, denied on Nov. 14 a media report claiming that its units were being targeted in a government operation against U.S.-based Islamic preacher Fethullah Gülen. 

Turkey's largest food group Yıldız Holding, which became the world's largest cookie maker after the acquisition of the U.K.-based cookies and snacks maker United Biscuits in November for $3.2 billion, has recently added vegan products to its manufacturing line, following halal and kosher products.