Doğuş Holding A.Ş. ( Doğuş Group ) is one of the largest private-sector conglomerates in Turkey , with a portfolio of 250 companies in 7 industries, including high-end car dealerships, retail stores, restaurants, cafés, construction companies, radio stations, TV channels and tourism businesses. The group used to own one of Turkey's largest private banks, Garanti , now part of BBVA .
17-468: Its foundations were originally laid in 1951 when Ayhan Şahenk made his first investments in the construction sector and transformed Doğuş Construction into a leading builder of Turkish roads, ports and hospitals. Doğuş Construction was founded June 17, 1966, the same year Antur Tourism was founded and Club Alantur in Alanya was acquired. He diversified into banking in the late 1970s. While Turkey evolved from
34-678: A joint venture with Bilgili Holding . As part of the Galataport development, Doğuş Group became a major sponsor to İstanbul Modern , alongside Eczacıbaşı Group , and developed the new Renzo Piano designed building. D.ream (Doğuş Restaurant Entertainment and Management) is a majority shareholder of Nusr-Et Group, which became a global success story due to its eponymous chef Nusret Gökçe ( Salt Bae ). Ayhan %C5%9Eahenk Ayhan Şahenk (June 11, 1929 in Niğde – 1 April 2001 in Istanbul)
51-481: A public tender to construct Galataport , a cruise ship port in Karaköy, Istanbul, in a joint venture with Bilgili Holding . As part of the Galataport development, Doğuş Group became a major sponsor to İstanbul Modern , alongside Eczacıbaşı Group , and developed the new Renzo Piano designed building. D.ream (Doğuş Restaurant Entertainment and Management) is a majority shareholder of Nusr-Et Group, which became
68-584: A quarter of the country's third-largest bank to General Electric for $ 1.6 billion in 2004, which was regarded as an important step towards greater liberalization in the Turkish banking sector, which had been severely affected by the 2001 economic crisis. He also runs Turkish media properties, capturing more than 10 percent of the country's advertising market. The Doğuş Group is active in 7 sectors, including automotive, construction, tourism and media. With over 21,000 employees serving more than 5 million customers,
85-519: A state-controlled economy toward market capitalism in the 1980s, he branched into importing and joint ventures in automotive, tourism and food, with giants like Volkswagen , Sheraton Hotels and Resorts , and ConAgra. In 1989 Ayhan Şahenk's son, Ferit Şahenk , returned to Istanbul. His father sent him to apprentice at Garanti Bank (now Garanti BBVA ). After eight years, he moved to the holding company and has kept adding pieces. Beginning in 1998 he acquired two food retail chains and operated NTV , funding
102-527: A total of 66 construction projects. Under his leadership, Doğuş Holding has made many important investments in construction, banking, media, tourism, food and automotive and has become one of the largest conglomerates in Turkey. After his death, his son Ferit Şahenk became the chairman of the board of directors of Doğuş Holding. Father of the current chairman of Dogus Holding Ferit Şahenk . Founded Doğuş Holding in 1950. Through his leadership company invested in
119-503: Is one of the largest private-sector conglomerates in Turkey , with a portfolio of 250 companies in 7 industries, including high-end car dealerships, retail stores, restaurants, cafés, construction companies, radio stations, TV channels and tourism businesses. The group used to own one of Turkey's largest private banks, Garanti , now part of BBVA . Its foundations were originally laid in 1951 when Ayhan Şahenk made his first investments in
136-520: The Group's objective is to use human resources and its superior technological capital to create brand value that will ensure customer loyalty and regional growth through global cooperation. In 2018, in the course of the Turkish currency and debt crisis, 2018 , the group asked its lenders for a debt restructuring . Doğuş’ outstanding loans stood at the equivalent of TRY 23.5 billion (US$ 5.81 billion) at
153-464: The age of 72. He relinquished some control of the Garanti Bank, selling a quarter of the country's third-largest bank to General Electric for $ 1.6 billion in 2004, which was regarded as an important step towards greater liberalization in the Turkish banking sector, which had been severely affected by the 2001 economic crisis. He also runs Turkish media properties, capturing more than 10 percent of
170-711: The construction sector and transformed Doğuş Construction into a leading builder of Turkish roads, ports and hospitals. Doğuş Construction was founded June 17, 1966, the same year Antur Tourism was founded and Club Alantur in Alanya was acquired. He diversified into banking in the late 1970s. While Turkey evolved from a state-controlled economy toward market capitalism in the 1980s, he branched into importing and joint ventures in automotive, tourism and food, with giants like Volkswagen , Sheraton Hotels and Resorts , and ConAgra. In 1989 Ayhan Şahenk's son, Ferit Şahenk , returned to Istanbul. His father sent him to apprentice at Garanti Bank (now Garanti BBVA ). After eight years, he moved to
187-407: The country's advertising market. The Doğuş Group is active in 7 sectors, including automotive, construction, tourism and media. With over 21,000 employees serving more than 5 million customers, the Group's objective is to use human resources and its superior technological capital to create brand value that will ensure customer loyalty and regional growth through global cooperation. In 2018, in
SECTION 10
#1732773122638204-612: The course of the Turkish currency and debt crisis, 2018 , the group asked its lenders for a debt restructuring . Doğuş’ outstanding loans stood at the equivalent of TRY 23.5 billion (US$ 5.81 billion) at the end 2017, up 11 percent from the year before. After the crisis, Doğuş divested some of its assets for deleveraging. Some of these divested assets are the Capri Palace Hotel, a 42% stake in İstinye Park shopping mall, MB92 superyacht refit center and its premium yacht marinas branded under D-Marin. In 2013, Doğuş Group won
221-419: The end 2017, up 11 percent from the year before. After the crisis, Doğuş divested some of its assets for deleveraging. Some of these divested assets are the Capri Palace Hotel, a 42% stake in İstinye Park shopping mall, MB92 superyacht refit center and its premium yacht marinas branded under D-Marin. In 2013, Doğuş Group won a public tender to construct Galataport , a cruise ship port in Karaköy, Istanbul, in
238-405: The expansion by selling part of the group's Garanti Bank to the public. Understanding that top talent is essential to running a diverse group, he also created a recruitment division, Humanitas . In 1999, annual revenue of Doğuş Group hit US$ 5.7 billion. In April 2001, Ferit took over Doğuş after his father Ayhan Şahenk died at the age of 72. He relinquished some control of the Garanti Bank, selling
255-521: The fields of construction, banking, communication, tourism, food and automotive. In 1992 he established a non-profit organization under his name which focused on improvement on education. Şahenk died on April 1, 2001, due to a heart attack. His final resting place is home town Niğde . Some of his relatives from father's line are living outside of Turkey in Azerbaijan, Uzbekistan and Crimea. Dogus Holding Doğuş Holding A.Ş. ( Doğuş Group )
272-462: The holding company and has kept adding pieces. Beginning in 1998 he acquired two food retail chains and operated NTV , funding the expansion by selling part of the group's Garanti Bank to the public. Understanding that top talent is essential to running a diverse group, he also created a recruitment division, Humanitas . In 1999, annual revenue of Doğuş Group hit US$ 5.7 billion. In April 2001, Ferit took over Doğuş after his father Ayhan Şahenk died at
289-606: Was a Turkish businessman. In 1950, while studying at Ankara University Faculty of Law, he established his company, which would later become the basis of Doğuş Holding , with a capital of 9 thousand liras. Ayhan Şahenk, who married Deniz Şahenk , was the father of 2 children, Ferit Şahenk and Filiz Şahenk . His company was awarded the tender for road, asphalt and sewerage works of the Grand National Assembly of Turkey. The first company in Turkey to be able to build dams has implemented 16 large and small dams and
#637362