Godiva Owner Yildiz to Sell Marinas, Focus on Core Business (1)

Yildiz Holding AS, the Turkish conglomerate behind Godiva chocolates and McVitie’s biscuits, will sell its marinas to focus on its core food and retail businesses.

“At Yildiz Holding, we are prioritizing food and retail as part of our ongoing strategy to grow organically and strengthen our global partnerships. As part of this focus, we have decided to exit our marina and tourism investments,” the company said in a statement on Tuesday, in response to Bloomberg’s questions.

Yildiz didn’t disclose the estimated value of the assets it’s planning to sell.

Marinturk, a unit of Yildiz, operates marinas in ...