Dogus Holding
Encyclopedia
Doğuş Holding A.Ş. is one of the top three largest private-sector conglomerates in Turkey
, with a portfolio of 25 companies that cross industry verticals, including one of Turkey's largest bank
s, Garanti Bank
, as well as high-end Porsche
, Audi
, and Volkswagen
dealerships, retail and food stores, construction
companies, and tourism
businesses.
in the 1980s, he branched into importing and joint ventures in automotive, tourism and food, with giants like Volkswagen, Sheraton and ConAgra.
In 1989 Ayhan Şahenk's son, Ferit Şahenk
, returned to Istanbul with a bachelor's degree in marketing from Boston College
. His father sent him to apprentice at Dogus' Garanti Bank. 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, 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. Revenues for 1999 at Dogus Group hit USD$ 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 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.
With over 18,000 employees serving more than 5 million customers, the Group's objective is to use human resources and its superior technological capital to create brand
value that will ensure customer loyalty and regional growth through global cooperation. Providing its services based upon the principles of customer satisfaction and trust, the Doğuş Group has created and developed respected brands on a world scale and, by adapting to developments in the world, continues to be on the vanguard of change in Turkey.
for its highway and dam
projects and completed the main route of the Trans-European Motorway that connects Turkey to Europe.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, with a portfolio of 25 companies that cross industry verticals, including one of Turkey's largest bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s, Garanti Bank
Garanti Bank
Garanti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...
, as well as high-end Porsche
Porsche
Porsche Automobil Holding SE, usually shortened to Porsche SE a Societas Europaea or European Public Company, is a German based holding company with investments in the automotive industry....
, Audi
Audi
Audi AG is a German automobile manufacturer, from supermini to crossover SUVs in various body styles and price ranges that are marketed under the Audi brand , positioned as the premium brand within the Volkswagen Group....
, and Volkswagen
Volkswagen
Volkswagen is a German automobile manufacturer and is the original and biggest-selling marque of the Volkswagen Group, which now also owns the Audi, Bentley, Bugatti, Lamborghini, SEAT, and Škoda marques and the truck manufacturer Scania.Volkswagen means "people's car" in German, where it is...
dealerships, retail and food stores, construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
companies, and tourism
Tourism
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...
businesses.
Background
Its foundations originally laid in 1951 when Mr. Ayhan Şahenk made his first investments in the construction sector and transformed Dogus Insaat into a leading builder of Turkish roads, ports and hospitals. The Doğuş Construction and Trade Ltd. Company was founded June 17, 1966, the same year Antur Tourism, Inc. was founded and Club Alantur in Alanya was acquired. He diversified into banking in the late 1970s. That is now the group's core business, accounting for 70 percent of the family's USD$ 3.6 billion fortune. But Sahenk kept expanding. While Turkey evolved from a state-controlled economy toward market capitalismCapitalism
Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...
in the 1980s, he branched into importing and joint ventures in automotive, tourism and food, with giants like Volkswagen, Sheraton and ConAgra.
In 1989 Ayhan Şahenk's son, Ferit Şahenk
Ferit Sahenk
Ferit Şahenk is Chairman of Turkey's Doğuş Holding conglomerate and one of the country's wealthiest individuals, with a personal fortune estimated at USD$ 2.0 billion.-Background:...
, returned to Istanbul with a bachelor's degree in marketing from Boston College
Boston College
Boston College is a private Jesuit research university located in the village of Chestnut Hill, Massachusetts, USA. The main campus is bisected by the border between the cities of Boston and Newton. It has 9,200 full-time undergraduates and 4,000 graduate students. Its name reflects its early...
. His father sent him to apprentice at Dogus' Garanti Bank. 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, 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. Revenues for 1999 at Dogus Group hit USD$ 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 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 adheres to a customer-focused and productivity-centered management style while also acting with social consciousness in its determination to generate added value. The Doğuş Group is active in more than 5 sectors, including finance, automotive, construction, tourism and media.With over 18,000 employees serving more than 5 million customers, the Group's objective is to use human resources and its superior technological capital to create brand
Brand
The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...
value that will ensure customer loyalty and regional growth through global cooperation. Providing its services based upon the principles of customer satisfaction and trust, the Doğuş Group has created and developed respected brands on a world scale and, by adapting to developments in the world, continues to be on the vanguard of change in Turkey.
Doğuş Construction Group
Part of the Doğuş Group, the Doğuş Construction Group is one of Turkey's largest construction companies and is well known around the world for having a hand in everything from giant hydroelectric power plants to tunnels to consulting services. The company is best known in EuropeEurope
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
for its highway and dam
Dam
A dam is a barrier that impounds water or underground streams. Dams generally serve the primary purpose of retaining water, while other structures such as floodgates or levees are used to manage or prevent water flow into specific land regions. Hydropower and pumped-storage hydroelectricity are...
projects and completed the main route of the Trans-European Motorway that connects Turkey to Europe.
List of Group Companies
- Banking and Financial Services
- Garanti BankGaranti BankGaranti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...
- Garanti Bank Moscow
- Garanti Bank International N.V
- Garanti Pension Company
- Garanti Leasing
- Garanti Factoring
- Garanti Securities
- Garanti Technology
- Garanti Asset Management
- Garanti Payment Systems
- Garanti Bank
- Automotive
- Doğuş Otomotiv
- Doğuş Oto
- DOD
- vdf Holding
- Doğuş Motorsports
- Yüce Auto
- Construction
- Doğuş İnşaat
- Teknik Mühendislik ve Müşavirlik
- Ayson Sondaj ve Araştırma
- Media
- Star TV
- NTVNTV TurkeyNTV is a Turkish nationwide television news channel. NTV was founded in 1996 by Turkish businessman Cavit Çağlar as the first news channel of Turkey and has partnered with MSNBC since May 2000. Aired on this channel is usually the news but also provides football games, especially La Liga matches,...
- NTV SporNTV Spor-Programming:*Football: La Liga,Turkey National Home Matches,FA Cup,Carling Cup,Coppa Italia*Basketball: NBA,WNBA,FIBA World Championship 2010 Turkey ,Euroleague...
- CNBC-eCNBC-eCNBC-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....
- e2E2 (TV channel)e2 is a Turkish television channel that often broadcasts American series. It is owned by the Doğuş Group.-Entertainment programmes:The following is an incomplete list of shows which have aired and/or are currently airing on e2:* 24...
- HDe
- Kral TV
- Kral Pop TV
- NBA TV Turkey
- NTVMSNBC
- NTV Radyo
- NTV Spor Radyo
- Radyo Eksen
- Capital Radio Turkey
- Virgin Radio Turkey
- Radyo Voyage
- Kral FM
- Kral Pop FM
- National Geographic Turkey
- National Geographic Kids Turkey
- CNBC-e Business
- Billboard Turkey
- Slam Turkey
- F1 Racing Turkey
- Evo Turkey
- Tourism
- Antur Turizm
- Garanti Turizm
- Datmar Turizm
- Göktrans Turizm
- Voyager Mediterranean Turizm
- Arena Giyim
- Do-Ça Tekstil Temizleme
- Doğuş Turgutreis Marina
- Real Estate
- DOĞUŞ-GE GYO
- Energy
- Boyabat Generation Co.