Yildiz Holding sells off Godiva assets to MBK Partners
Transaction includes retail and distribution operations in four of GODIVA's 100 plus markets: Japan, South Korea, Australia and New Zealand, along with the production facility supplying these regions in Belgium
GODIVA Chocolatier, owned by Yildiz Holding, is selling select GODIVA assets to MBK Partners as part of a global strategy it hopes will help grow its business.
Under the terms of the transaction, MBK Partners will purchase the retail and distribution operations in four of GODIVA's 100 plus markets: Japan, South Korea, Australia and the future rights to develop New Zealand. This includes Consumer Packaged Goods, digital-commerce, travel retail (for Japan and South Korea) and more than 300 retail stores.