US EditionTurkish state announces $5 Million price tag for sale of baklava giant after 10 years control
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Turkey to auction off renowned dessert chain seized over alleged Gülen links - Stockholm Center for Freedom
Turkey’s Savings Deposit Insurance Fund (TMSF) has announced plans to auction off Faruk Güllüoğlu, a major dessert chain that was confiscated following a 2016 coup attempt over its owner’s alleged ties to the faith-based Gülen movement. According to the Diken news website, the company will be auctioned on April 8 with an estimated value of 223 million lira (about $5.1 million). The company’s founder, Faruk Güllü, was convicted following the coup…
Turkish state announces $5 Million price tag for sale of baklava giant after 10 years control
One of Türkiye’s most well-known dessert brands, Baklavaci Faruk Gullu, has been put up for sale by the Savings Deposit Insurance Fund (TMSF). According to official announcements, the sale covers the full “commercial and economic integrity” of Baklavaci Gulluoglu Gida Sanayi ve Dis Ticaret AS, including all assets, rights, contracts, and brand value associated with the company. The starting price for the tender has been set at $5.05 million (₺22…
The TMSF (Turkish Savings Deposit Insurance Fund) announced that the Baklavacı Faruk Güllü brand is being put up for sale. The date and scope of the tender process have been clarified. All assets of the company will be transferred.
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