Goldaş or Goldaş Jewellery is a Turkish jewellery fabricator and retail sales company. Goldaş markets its product offerings under multiple brand names, including Goldas, Assortie, SilverD’sign, WeddingD’sign, Danthel, Chip Gold, and Chip Silver. Chip silver bullion bar

History

Goldaş Jewellery was founded in

Istanbul Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...

, Turkey in 1993 by the Yalinkaya Group. In 1997, Goldaş was reorganized as a subsidiary of a new subsidiary Goldart Holding under a new company Yalinkaya Holding A.Ş.For the date of company reorganization, se
www.yalinkaya.com Corporate Milestones
Retrieved 2011-01-05
For structure of new company, see Arslaner, S. (n.d.). Corporate Social Responsibility And Initial Public Offerings owerPoint Slides 10
www.britishcouncil.org
Retrieved 2011-01-05. From 1998 to 2008, Goldaş saw rapid growth as a company as measured by a 5,609% increase or $955 million in its turnover and was recognized by

CNBC-e CNBC-e is a Turkish free-to-air television channel operated in Turkey by NBCUniversal, Comcast and İlbak Holding since June 10, 2024. Formerly, the channel with the same name was operated by NBCUniversal and the Doğuş Media Group between 20 ...

Business Magazine as first among Turkey's 100 fastest growing companies. On January 22, 2009, and January 23, 2009, Goldart Holding bought 1.6 million shares of public stock to increase its stake to 55.5% or 80 million shares of Goldaş.Referans. "Goldaş shares sold to three funds." June 26, 2009
www.hurriyetdailynews.com
Retrieved 2011-01-06 After the stock appreciated by 59% in three months time, Goldart Holding sold 11.4 million shares of Goldaş for 14.14 million Turkish liras to three investment funds: Regulus Emerging Market Fund, Neos Emerging Capital Investment, and Porrima Investment.

Financial disputes

Goldaş has been involved in several major financial disputes since 2008. In March 2008,

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

filed suit against Goldaş for not returning a large consignment of gold. In September 2009,

Bank of Nova Scotia The Bank of Nova Scotia (), operating as Scotiabank (), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and ...

and

Commerzbank The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank ) is a European Financial institution, banking institution headquartered in Frankfurt am Main, Hesse, Germany. It offers services to private and entrepreneurial c ...

filed suits against Goldaş for US$10.9 million and US$11.1 million, respectively. In April 2013, a judgment from the Bakırköy Commercial Court of First Instance in Istanbul had been made in favor of Commerzbank to force the bankruptcy of Goldaş; they announced their plans to appeal the verdict while still engaged with Bank of Nova Scotia in the Istanbul Anatolia Commercial Court of First Instance. Later that year, Turkey's High Court of Appeals effectively reversed the bankruptcy judgment of the lower Turkish court by heeding Goldaş's request for adjudication under British law before subjugation under Turkish bankruptcy law.

Notes

References

External links

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Financial information on Goldaş

Goldaş Regional office locations

Goldaş promotional video

Goldaş articles from www.hurriyetdailynews.com

Goldaş articles from www.aa.com.tr (in Turkish)
{{DEFAULTSORT:Goldas Jewellery companies of Turkey Companies based in Istanbul Companies listed on the Istanbul Stock Exchange Companies in the BIST 100 Retail companies established in 1993 Turkish brands Turkish companies established in 1993

History

Financial disputes

Notes

See also

References

External links