Turkish conglomerate to sell marina assets, shifting focus to core businesses

Yildiz Holding AS, the owner of global brands like Godiva and McVitie’s, announced plans to exit its marina and tourism investments to prioritize its food and retail businesses.

The company confirmed the move in a statement Tuesday, citing its strategy to strengthen global partnerships and focus on organic growth. Its marina operations, run by subsidiary Marinturk, include facilities in Istanbul and Gocek with a combined capacity for 972 yachts and 280 land parking spaces.

This decision follows Yildiz’s broader shift to high-growth sectors after reorganizing its food and retail operations last year. Known for its rapid expansion, the company’s acquisitions in the past decade led to a $7 billion debt restructuring, one of Türkiye’s largest.