Goldaş
   HOME

TheInfoList



OR:

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.


History

Goldaş Jewellery was founded in Istanbul, 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 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 filed suit against Goldaş for not returning a large consignment of gold. In September 2009, Bank of Nova Scotia and
Commerzbank Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...
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


See also

* Jewellery *
Precious metal Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. ...
s *
Brand licensing Licensing means renting or leasing of an intangible asset. It is a process of creating and managing contracts between the owner of a brand and a company or individual who wants to use the brand in association with a product, for an agreed period ...
* Hürriyet Daily News and Economic Review * The Anatolia News Agency *
Judicial system of Turkey The judicial system of Turkey is defined by Articles 138 to 160 of the Constitution of Turkey. With the founding of the Republic, Turkey adopted a civil law legal system, replacing Ottoman law and the Sharia courts. The Civil Code, adopte ...


References


External links

*
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 Retail companies established in 1993 Turkish brands Turkish companies established in 1993