Sector News

Yıldız Holding consolidates chocolate, biscuit companies

January 18, 2016
Food & Drink

Yıldız Holding has announced that it is consolidating its global chocolate and biscuit operations under the single name Pladis, in a statement from the company on Sunday.

Yıldız Holding is known best for the Ülker brand of cookies, chocolates and biscuits that is very popular in Turkey. The company also bought the UK-based United Biscuits in 2014 and the chocolatier Godiva in 2007. All of the company’s products will be sold under the Pladis name with the exception of the Godiva retail market, the company said.

The company’s food branch employs 26,000 people in numerous countries, and brought in $8.2 billion in revenue last year, while Yıldız Holding employs around 50,000 people in total. It operates 77 factories in 14 countries.

“This year we are expecting to grow 10 percent, but from now on we are focusing on our main operation, biscuits, chocolate and candy, which we want to globalize. For this, we want to organize from the beginning. Our purpose is to unite our strength and our companies under one roof to become a leader in snacks,” CEO Murat Ülker said.

Last year, the company sold its beverage division to a Japanese firm for $110 million, citing the desire to focus on its biscuit, chocolate and snack operations.

Source: Today’s Zaman

Related News

February 21, 2021

Zero Waste Europe and ECOS tell EU “mass balance approach” is damaging plastics circular economy

Food & Drink

The signatories delivered a joint letter yesterday evening to the EC advising it to establish a “transparent, ambitious, and circular ‘chain of custody’” method instead.

February 21, 2021

Beyond the Bag Challenge reveals nine winners: “No single answer” to plastic bag pollution crisis

Food & Drink

Funded with US$15 million, the competition took off last July, prompting “suppliers, designers and problem-solvers” to submit environmentally sustainable design solutions and standard plastic bag alternatives.

February 21, 2021

Carlsberg to trial low-carbon glass beer bottles

Food & Drink

Carlsberg Marston’s Brewing Company has partnered with Encirc to trial a glass beer bottle that has the potential to cut the carbon impact of its bottles by up to 90%.

Send this to a friend