Yıldız Holding’s correction to New York Times’ article

Yıldız Holding’s correction to New York Times’ article

Dear Ms. Gall,

We are disappointed to note you that your publication dated January 2nd, 2019 in New York Times. We believe you should have contacted us first before publishing this unfounded article, which contains untrue allegations in relation to our company and our country.

Yıldız Holding is a company owned 100 percent by a Turkish family, operating on a global basis serving a geography of 4 billion population with 80 factories and 60,000 employees, where 55 of it’s factories and 45,000 of it’s employees are situated within Turkey.

Yıldız Holding, Ülker brand and its companies are still operating in Turkey. We would like to reiterate that Yıldız Holding is a 100 percent Turkish corporation with its headquarters in Turkey and simply conducts the requirements of the global business. Yıldız Holding has great trust in its country and it’s Turkish economy since its inception and will continue to do so in the future. It is very natural for any company at the level of Yıldız Holding, operating in a geography with 4 billion population, to establish and/or acquire companies and factories in the Europa, Central Asia, Middle East, Far East and America, just as any other company which does business in many countries around the world.

We would like to repeat that all of these companies are wholly owned by Yıldız Holding which is domicile in Turkey. Ülker Family is 100 percent owner of Yıldız Holding. In light of the truth of the matter as clearly delineated, the assessment of these business activities as an attempt “to reach out of reach of Turkish courts” is in the most simple sense a political commentary made in bad faith and is inarguably unacceptable to us under any circumstance. You are hereby disclosing false and untrue information by using our Company’s name. We reserve our legal rights of recourse to seek legal damages and criminal sanctions against you and anyone associated with this publication associating to a terror organization especially infringes on the reputation of our company.

We respectfully request that this correction is published in New York Times in accordance with our right of reply and media ethics principals.

Sincerely,

Yıldız Holding Corporate Communication

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