Yıldız Holding
Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners
Godiva Chocolatier, the Belgian manufacturer of gourmet chocolates, has agreed to sell parts of its Asia-Pacific business to private equity firm MBK Partners, Godiva CEO Annie Young-Scrivner told Reuters on Feb 20.
Yıldız Holding restructures $1 billion loan: Chair
Yıldız Holding has recently restructured a $1 billion loan under favorable conditions, the company chair said in a letter to employees.
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Turkish boss challenges Musk in electric-engine trucks
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 named new Godiva CEO
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.
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Chocolate-and-candy Atatürk statue: The hot item at İzmir Chocolate Festival
The first sound I hear upon entering İzmir's Chocolate Festival is the piercing wail of a seven-year-old boy crying that there is no place left for the kids chocolate-making workshop. His mother, a long-legged 20-something who looks like she never let a single chocolate cross her lips, tells him she will get him to the next one.
Food giant Ülker says legal action taken as April 1 ad stirs panic
Ülker has said legal action was immediately taken to protect the company and the brand against every party involved in an April Fools' Day-themed commercial, which went wrong and created panic among some circles over accusations that it heralded the July 2016 military coup attempt.
Turkey's global brand paves the way for global science
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.
Japanese companies rushing to Turkey's İzmir to invest
Many Japanese companies have recently made investments in the Aegean province of İzmir, which is seen as an opening gate to European, Middle Eastern and North African markets, İzmir Development Agency (İZKA) has said, as reported by state-run Anadolu Agency on Jan. 18.
Turkish food giant says $400 mln stake sale is business, not political, decision
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.
Turkey's food giant to sell 21 pct of key biscuit company to own UK-based company
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.