Goldaş
Encyclopedia
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.
, 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, see 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 [PowerPoint 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. 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.
filed suit against Goldaş for not returning a large consignment of gold. In September 2009, Bank of Nova Scotia
and Commerzbank
filed suits against Goldaş for US$10.9 million and US$11.1 million, respectively.
History
Goldaş Jewellery was founded in IstanbulIstanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...
, 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, see 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 [PowerPoint 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
CNBC-e is a hybrid business/financial and entertainment channel operated in Turkey by CNBC Europe and the NTV Group.The channel shares its name with a co-owned magazine about 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. 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 GénéraleSociété Générale
Société Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
filed suit against Goldaş for not returning a large consignment of gold. In September 2009, Bank of Nova Scotia
Scotiabank
The Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,...
and Commerzbank
Commerzbank
Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.-Activities:Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in investment banking in early 2000s and scaled back its Securities unit...
filed suits against Goldaş for US$10.9 million and US$11.1 million, respectively.
See also
- JewelleryJewelleryJewellery or jewelry is a form of personal adornment, such as brooches, rings, necklaces, earrings, and bracelets.With some exceptions, such as medical alert bracelets or military dog tags, jewellery normally differs from other items of personal adornment in that it has no other purpose than to...
- Precious MetalsPrecious metalA precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...
- Brand LicensingBrand licensingLicensing means renting or leasing of an intangible asset. Examples of intangible assets include a song , a character , a name or a brand . An arrangement to license a brand requires a licensing agreement...
- Hürriyet Daily News and Economic Review
- The Anatolia News AgencyAnadolu AgencyAnadolu Agency is the Turkish state news agency commissioned with producing news releases pertaining to the country.The agency was set up on April 6, 1920 by Mustafa Kemal Atatürk during the Turkish War of Independence, and is the biggest news agency of Turkey....
- Turkish Justice System