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Companies (43)

Yildiz Asks Banks for Biggest Ever Turkish Loan

Yildiz Holding, owner of companies including Godiva Chocolates and United Biscuits, requested the largest loan ever from Turkish banks, citing difficulties with an existing finance structure that requires it to make monthly loan repayments that can reach more than $1 billion. In a letter to 10 banks dated Jan. 29, Yildiz asked them to create a consortium, syndication or joint finance group to consolidate their loans to Yildiz. The letter, which was viewed by Bloomberg and verified by two people with direct knowledge of its contents, was signed by Yildiz Holding Chief Financial Officer Mustafa Tercan and Ali Ulker, deputy chairman of the board.

AKDO Decorates Luxurious Places

AKDO, the tile and stone brand, has opened its first showroom to spotlight its global stone, tile and mosaic collections in a single place. Located at 22 West 21st Street in New York, the 10,000-square-foot, two-floor space is evidence of the 25-year-old company’s transition from product design, manufacturing and distribution to retail. The new showroom has two custom art mosaics on display, one adapted from a chinoiserie wallpaper and another a floral still life, both created from thousands of pieces of natural stone in dozens of colors. Hakkı Akbulak, AKDO president and co-founder, talked to TurkofAmerica.

Chobani Gets New Look and Hints at Going Beyond Yogurt

Chobani, the company that helped kick-start the Greek yogurt craze, is shrinking those words on its label as it may expand beyond that food in an increasingly crowded yogurt market. The new look, which will show up in supermarkets this week, removes "Greek Yogurt" from underneath the Chobani name. The yogurt inside will stay the same. Its packaging will be more muted than the current bright white, use a new font and style, and feature watercolor paintings of fruits rather than photographs of strawberries and peaches.

A Man of Many Talents: Turkish Fashion Designer Goes Global

A fashion designer, painter, decorator and entrepreneur, Emre Ertürk is undoubtedly a diverse artist. For him, every form of art is somehow related to the other, and he loves doing it all. Daily Sabah sat with Ertürk in his lovely office to discuss his line, projects and his new website for online sales. We wanted to know what inspires him in general. Most people know Ertürk as a world-renowned fashion designer specializing in handbags, sunglasses, shirts, skirts and "mostly anything that adds style to people's daily lives," as he says himself. However, there is much more to him than that. "I am also a recognized painter and a professional decorator for home and hotel owners. After opening several art shows in Istanbul, Ankara, London and New York, my yearning to reach out to more people give me the drive to create my own fashion company," Ertürk said.

Chobani Chooses Next Incubator Class of Food and Beverage Startups

Chobani, maker of America's top Greek yogurt brand, has selected seven startups out of more than 550 applicants for its second annual Food Incubator program, based on each company’s commitment to innovation. The program, which began Sept. 26 and runs through December, is situated in a dedicated space at Chobani's sales and marketing offices in New York. The startups were selected based on a combination of product quality and mission, including bringing nutritious and affordable food to more people.

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THY, Istanbul Atatürk Airport Outperform European Competitors

For the last decade, civil aviation has been a stronghold in Turkey's endeavors to ensure sustainable growth. As the country has managed to deliver a positive economic performance, the aviation industry has expanded as well. During the period of 2003-2014, the global aviation industry has expanded 5.7 percent, and the sector saw a 13.7 percent growth in Turkey.

Cafe Management Company Gains Blue Zones Project Recognition

Don’t go searching for a sugar buzz from a soft drink in the cafeterias at some local hospitals. Sugar-sweetened beverages are not for sale in the NCH Healthcare System cafeterias, one of several changes that Sodexo USA, the management company, took so the company could become Blue Zones-certified. Sodexo has gained approval as a Blue Zones Project restaurant through the Treetops Café at NCH Baker Hospital Downtown and the Wave Café at North Naples Hospital. Both cafes are open to the public.

TSA Will Mandate Air Cargo from Turkey Must Be Screened

Any air cargo coming to the United States from Turkey must now go through a screening, the Transportation Security Administration announced Thursday. "To adequately address emerging threats to cargo and raise the baseline for global aviation security, TSA has issued a security directive and an emergency amendment for enhanced security screening of cargo," agency spokesman James Gregory said in a statement.

Godiva Reimagines Business in The Digital Age

Successful retailers — and those that want to be — are seeking ways to digitally transform their customer experience in all channels. Whether mobile, in-store or online, these retailers are striving to build a multi-faceted relationship with customers that will keep brands fresh and hold customer interest. Chocolatier Godiva began creating its sweets in Belgium almost a century ago, and today has more than 600 owned boutiques and a retail presence in over 100 countries. The New York-based company is in the process of unifying its selling aspects — online, mobile and in-store — concentrating on its website and mobile views to begin the transformation.

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300th Flight Destination of Turkish Airlines is Phuket

Flying to more countries and also international destinations than any other airline in the world, Turkish Airlines has started to operate four weekly flights to Phuket as from 17th July. The inaugural flight from Istanbul landed at 8.55am in the Phuket International Airport (HKT) and was welcomed by the customary water cannon salutes in a formal ceremony. Deputy Chairman and CEO of Turkish Airlines Mr. Bilal Eksi, commented at the launch ceremony; "Turkish Airlines is excited to be bringing more value and connectivity to its passengers through its ever expanding network. As an award-winning airline that invites people to explore the beauties of our world, it was a natural choice for us to decide on Phuket as our next destination."

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