Doğuş Holding A.Ş. (''Doğuş Group'') is one of the largest private-sector conglomerates in

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

, 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 Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

Background

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 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 Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it ...

Sheraton Hotels and Resorts Sheraton Hotels and Resorts is an American international hotel chain owned by Marriott International. As of June 30, 2020, Sheraton operates 446 hotels with 155,617 rooms globally, including locations in North America, Africa, Asia-Pacific, Cent ...

, and ConAgra. In 1989 Ayhan Şahenk's son,

Ferit Şahenk Ferit Şahenk (, born 1964) is the chairman of Doğuş Group and one of the richest people in Turkey. Background Şahenk graduated from The American School in Switzerland (TASIS) and earned his B.A. from Boston College with a degree in Marketi ...

, 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 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 a quarter of the country's third-largest bank to

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

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.

Characteristics and structure

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 A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and ...

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 Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continu ...

. 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 İstinye Park is a shopping center in the İstinye quarter of Istanbul, Turkey with 291 stores, of retail area, and four levels of underground parking. The center features both enclosed and open-air sections. The open-air section has a green centr ...

shopping mall, MB92 superyacht refit center and its premium yacht marinas branded under D-Marin.

Projects and interests

In 2013, Doğuş Group won 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 Istanbul Museum of Modern Art, colloquially referred to as Istanbul Modern (), is a contemporary art gallery located inside the Galataport complex in the Beyoğlu district of Istanbul, Turkey. Inaugurated on December 11, 2004, Istanbul Modern was ...

, alongside Eczacıbaşı Group, and developed the new

Renzo Piano Renzo Piano (; born 14 September 1937) is an Italian architect. His notable works include the Centre Georges Pompidou in Paris (with Richard Rogers, 1977), The Shard in London (2012), Kansai International Airport in Osaka (1994), the Whitney ...

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).

List of Group Companies

Automotive

* Doğuş Automotive: exclusive distributor for

Volkswagen Group Volkswagen AG (), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery. Headquartered in Wolfsburg, Lower Saxon ...

brands in Turkiye (

Audi Audi AG () is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. A subsidiary of the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide. The origins of the compa ...

Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. Th ...

Bentley Bentley Motors Limited is a British designer, manufacturer and marketer of Luxury vehicle, luxury cars and Sport utility vehicle, SUVs. Headquartered in Crewe, England, the company was founded by W. O. Bentley (1888–1971) in 1919 in Crickle ...

Lamborghini Automobili Lamborghini S.p.A. ( , ), usually referred to as Lamborghini or colloquially Lambo, is an Italian manufacturer of luxury sports cars and SUVs based in Sant'Agata Bolognese. The company is owned by the Volkswagen Group through its su ...

Bugatti Automobiles Ettore Bugatti was a German then French automotive industry, manufacturer of high performance vehicle, high-performance automobiles. The company was founded in 1909 in the then-German Empire, German city of Molsheim, Alsace, by the ...

SEAT A seat is a place to sit. The term may encompass additional features, such as back, armrest, head restraint but may also refer to concentrations of power in a wider sense (i.e " seat (legal entity)"). See disambiguation. Types of seat The ...

, Skoda,

Scania Scania ( ), also known by its native name of Skåne (), is the southernmost of the historical provinces of Sweden, provinces () of Sweden. Located in the south tip of the geographical region of Götaland, the province is roughly conterminous w ...

) * DOD: second-hand sales arm of the group * vdf / Volkswagen Doğuş Finans: auto financing arm of the group * TÜVTÜRK

Construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

*Doğuş Construction * Teknik Engineering and Consultancy

Media Media may refer to: Communication * Means of communication, tools and channels used to deliver information or data Advertising media, various media, content, buying and placement for advertising Interactive media, media that is inter ...

* Television Channels: NTV, NTV Para, NTV Spor, NTV World, Star TV, Star 2, Euro Star, Kral TV, Kral Pop TV, Kral World TV, e-TV, e2, e-Film * Radio Stations: NTV Radyo, NTV Para Radyo, NTV Spor Radyo, NTV World Radio, Kral FM, Kral Pop Radyo, Kral World Radio, Radyo Eksen, Radyo Voyage * Newspapers: Star, Star Daily News * OTT Platform: puhutv * Digital Platform: Star Digital * Live Events: Pozitif, Volkswagen Arena, Babylon, Yapıkredi Bomontiada

Food & Beverage,
Tourism Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as ...
and
Retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

* D.ream Türkiye: 29, Adile Sultan Sarayı Kandilli, Borsa Restaurant, Da Mario Ristorante, Delimonti, Dolce, Fenix, Frankie, Gina, Günaydın, Habupide, Kebapçı Etiler, Kitchenette, Kilimanjaro, Kiva, Lacivert, Liman İstanbul, Masa, Mezzaluna, Monochrome, Parlé, Rüya, Sait, The Populist, Vogue Restaurant * D.ream International: Azumi Group (Zuma, Roka, Inko Nito, Etaru, Oblix), Paraguas Group (Amazónico, El Paraguas, Numa Pompilio, Ten Con Ten, Quintin, Aarde), Nusret Group (Nusr-Et Steakhouse, Saltbae Burger), Coya * D-Hotelier ** D-Maris Bay ** D-Resort Göcek ** D-Resort Ayvalık ** Maçakızı Bodrum ** Hyatt House Gebze ** Grand Hyatt İstanbul ** Soho House İstanbul ** Argos In Cappadocia ** Chenot Palace Weggis ** Hotel Aldrovandi Villa Borghese * D-Saat: representing Hublot, Arnold & Son, HYT, Döttling, Bell & Ross, Breitling, Messika and Vacheron Constantin through mono-brand boutiques or “Quadran” branded multi-brand boutiques * D-Retail: representing Eleventy, Leica, Loro Piana, M Missoni, Kiko and Under Armour through mono-brand boutiques or “in-formal” branded multi-brand boutiques * Antur Tourism

Real estate

* Doğuş REIT: publicly traded on

Borsa Istanbul The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) (), the Istanbul Gold Exchange () and the Derivatives Exchange of Turkey () under one umbrella. It was establishe ...

under the ticker symbol DGGYO * Doğuş Real Estate

Technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

*Doğuş Teknoloji *Related Digital *Reidin *Invendo *Zingat

Energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...

* Boyabat Elektrik Üretim ve Ticaret A.Ş.: a 513MW HPP in a JV with

Doğan Holding Doğan Şirketler Grubu Holding A.Ş. is amongst the biggest conglomerates in Turkey operating in the energy, media, industry, trade, insurance and tourism industries. Founded by Aydın Doğan who still is a major shareholder, the company is led ...

and Unit International * Doğuş Enerji Üretim ve Ticaret. A.Ş.: a 332MW HPP wholly-owned by Doğuş Group * Aslancık Elektrik Üretim A.Ş.: a 120MW HPP in a JV with

and Anadolu Group

Other Investments

*Zubizu *D-Gym *n11.com * Körfez Havacılık * Galataport İstanbul

Notes

External links

Doğuş Group Official Website
{{DEFAULTSORT:Dogus Holding Conglomerate companies of Turkey Companies based in Istanbul Doğuş Group Holding companies of Turkey 1951 establishments in Turkey Companies established in 1951