Ülker

Yıldız Holding has recently restructured a $1 billion loan under favorable conditions, the company chair said in a letter to employees.

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

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.

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.  

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. 

Yıldız Holding chair Murat Ülker said that the group, which has grown through a series of key global acquisitions for the last couple of years, will make over 5 billion Turkish Liras ($1.7 billion) in investment in Turkey over the next five years. 

Turkey's leading biscuits and confectionary group, Y?ld?z Holding, has reorganized its global brands, De Met's, Godiva, United Biscuits and Ülker, under the Pladis umbrella, forming a new global giant with annual revenue of $5.2 billion and 26,000 employees.