Doğuş Group
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Doğuş Holding A.Ş. (''Doğuş Group'') is one of the largest
private-sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...
conglomerates in
Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...
, with a portfolio of 250 companies in 7 industries, including high-end car dealerships, retail stores, restaurants, cafes, 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 Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...
.


Background

Its foundations were originally laid in 1951 when
Ayhan Şahenk Ayhan Şahenk (11 June 1929 – 1 April 2001) was a Turkish businessman and founder of the Doğuş Group. Father of the current chairman of Dogus Holding Ferit Şahenk Ferit Şahenk (, born 1964) is the Chairman of Turkey's Doğuş Group and ...
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 (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
,
Sheraton Hotels and Resorts Sheraton Hotels and Resorts is an international semi-luxury 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, Cen ...
, and ConAgra. In 1989 Ayhan Şahenk's son,
Ferit Şahenk Ferit Şahenk (, born 1964) is the Chairman of Turkey's 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 ...
, returned to Istanbul. His father sent him to apprentice at Garanti Bank (now
Garanti BBVA Garanti BBVA (legal name Türkiye Garanti Bankası A.Ş; formerly referred to as Garanti Bank in English) is a Turkish financial services company based in Turkey. 86% of Garanti's stakes are owned by the Spanish bank Banco Bilbao Vizcaya Argent ...
). 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 NTV may refer to: Television * NTV (Bangladesh), a Bengali-language satellite television channel in Bangladesh * NTV (India), Telugu regional channel * NTV (Kenya) * NTV (Mongolia), a television channel based in Mongolia * NTV (Newport Television) ...
, 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) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
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 country's advertising market.


Characteristics and structure

The Doğuş Group is active in more than 5 sectors, including finance, automotive, construction, tourism and media. With over 35,000 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 good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create an ...
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 Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities and ...
,
the group The Group may refer to: Film and television * ''The Group'' (Australian TV series), 1971 situation comedy produced by Cash Harmon Television for ATN7 * ''The Group'' (Canadian TV series), 1968–70 music variety on CBC Television * ''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. In the wake of the crisis, Doğuş began to sell some assets. In September 2019, the company sold 65% of MB92, the world's leader in refit and maintenance services for superyachts, to Squircle Capital and, in January 2020,
CVC Capital Partners CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, E ...
agreed to acquire the Greek, Croatian and the UAE businesses of D-Marin, a leading operator of premium yacht marinas in the Mediterranean and United Arab Emirates (UAE) owned by Doğuş.


Projects and interests

Doğuş Group are some of the major financial backers of the
İstanbul Modern İstanbul Modern, a.k.a. Istanbul Museum of Modern Art, ( tr, İstanbul Modern Sanat Müzesi) is a museum of contemporary art in the Beyoğlu district of Istanbul, Turkey. Inaugurated on December 11, 2004, the museum focuses on artists from Turke ...
, alongside the
Eczacıbaşı Eczacıbaşı Holding is a Turkish industrial group of companies founded in 1942. The group with 44 companies has 11,400 employees and a combined net turnover of TL 11.1 billion in 2020. Group Eczacıbaşı's core sectors are building products, ...
group, and the Nusr-Et steakhouses, made famous by their chef Nusret Gökçe (known for the Internet meme
Salt Bae Nusret Gökçe (; born 1983), nicknamed Salt Bae, is a Turkish butcher, chef, food entertainer and restaurateur whose technique for preparing and seasoning meat became an Internet meme in January 2017. He owns Nusr-Et, a chain of luxury steak ho ...
). By 2020, Doğuş Group had planned to construct
Galataport Galataport is a mixed-use development located along of shore in the Karaköy neighbourhood of Istanbul, Turkey on the European shore of the Bosporus strait near its confluence with the Golden Horn right in the heart of the city. It includes the ...
, a cruise ship port in
Karaköy Karaköy (), the modern name for the old Galata, is a commercial quarter in the Beyoğlu district of Istanbul, Turkey, located at the northern part of the Golden Horn mouth on the European side of Bosphorus. Karaköy is one of the oldest an ...
,
Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...
, in a joint venture with Bilgili Holding.


List of Group Companies


Automotive

* Doğuş Automotive **
Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
**
Audi Audi AG () is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. As a subsidiary of its parent company, the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide. Th ...
**
Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see #Pronunciation, below), is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany ...
**
Bentley Bentley Motors Limited is a British designer, manufacturer and marketer of luxury cars and SUVs. Headquartered in Crewe, England, the company was founded as Bentley Motors Limited by W. O. Bentley (1888–1971) in 1919 in Cricklewood, North ...
**
Lamborghini Automobili Lamborghini S.p.A. () is an Italian brand and manufacturer of luxury sports cars and SUVs based in Sant'Agata Bolognese. The company is owned by the Volkswagen Group through its subsidiary Audi. Ferruccio Lamborghini (1916–1993) ...
**
Bugatti Automobiles Ettore Bugatti was a German then French manufacturer of high-performance automobiles. The company was founded in 1909 in the then-German city of Molsheim, Alsace, by the Italian-born industrial designer Ettore Bugatti. The cars w ...
**
SEAT A seat is a place to sit. The term may encompass additional features, such as back, armrest, head restraint but also headquarters in a wider sense. Types of seat The following are examples of different kinds of seat: * Armchair (furniture), ...
**
Skoda Škoda means ''pity'' in the Czech and Slovak languages. It may also refer to: Czech brands and enterprises * Škoda Auto, automobile and previously bicycle manufacturer in Mladá Boleslav ** Škoda Motorsport, the division of Škoda Auto respons ...
**
Scania Scania, also known by its native name of Skåne (, ), is the southernmost of the historical provinces of Sweden, provinces (''landskap'') of Sweden. Located in the south tip of the geographical region of Götaland, the province is roughly conte ...
**
Thermo King Thermo King is an American manufacturer of transport temperature control systems for refrigerator trucks and trailers, refrigerated containers and refrigerated railway cars along with heating, ventilation and air conditioning systems for bus and ...
* DOD * Oto-Fix * Volkswagen Doğuş Finans * TÜVTÜRK


Construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

* Doğuş Construction * Teknik Engineering and Consultancy


Real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

* Doğuş REIT * Doğuş Real Estate


Tourism Tourism is travel for pleasure or business; also the theory and practice of touring (disambiguation), touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tour (disambiguation), tours. Th ...

* D-Hotels & Resorts ** D-Resort Sibenik ** D-Resort Göcek ** Murat Reis Ayvalık ** Grand Hyatt İstanbul ** Maçakızı Bodrum ** Soho House İstanbul * Mytha Hotel Anthology ** Aldrovandi Villa Borghese ** Argos In Cappadocia **Villa Dubrovnik ** D-Maris Bay * Antur Tourism * D-Saat ** Hublot ** Arnold & Son ** HYT ** Döttling ** Bell & Ross ** Quadran ** Breitling ** Messika ** Vacheron Constantin * D-Gym * Körfez Havacılık


Energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

* D Enerji Üretim ve Yatırım A.Ş. * Boyabat Elektrik Üretim ve Ticaret A.Ş. * Doğuş Enerji Üretim ve Ticaret. A.Ş. (Artvin HES) * Aslancık Elektrik Üretim A.Ş. * Doğuş Enerji Toptan Elektrik Ticaret A.Ş.


Media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass el ...

* Television Channels ** NTV ** Star ** Euro Star * Radio Stations ** NTV Radyo ** Kral FM ** Kral Pop Radyo


Food Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is inge ...
&
Beverage A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothies a ...

* D-ream ** Adile Sultan Sarayı Kandilli ** Borsa Restaurant ** Coya Restaurant ** Çubuklu 29 ** D.ream Akademi ** Da Mario Ristorante ** Delimonti ** eat.stop ** Fenix İstanbul ** Gina ** Günaydın Et ** Günaydın Handmade Burger ** Günaydın Steak House ** Günaydın Köfte & Döner ** Kebapçı Etiler ** Kitchenette ** Kilimanjaro ** Kiva ** La Petite Maison ** Lacivert Bar & Restaurant ** Masa ** Mezzaluna ** Monochrome ** Nusr.Et Burger ** Nusr.Et Steak House ** Oblix ** Parlé ** The Populist ** Roka ** Sait ** Sele ** Tom's Kitchen ** Ulus 29 ** Vogue ** Zuma ** Rüya ** Dolce ** El Paraguas ** Amazónico ** Ten Con Ten ** Quintin Bar & Restaurante ** Numa Pompilio ** Angie **La Vina **Bar Des Pres


New Investments

*Galataport Port Management and Investments *DGSK *Doğuş Müşteri Sistemleri *Doğuş Teknoloji *n11.com *Pozitif Live *Reidin *Related Marketing Cloud *TDB Sigorta Brokerlik A.Ş. *TDB Kalibrasyon Hizmetleri A.Ş. *Zingat *Sigortaladim.com


Retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

* Capritouch * In4Out * In-Formal * Loro Piana * Gucci * Orlebar Brown * Under Armour * Kiko Milano * Eleventy


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