21 Feb 2019 --- Godiva Chocolatier, owned by Yildiz Holding, is to sell select Godiva assets to South Korean private equity firm MBK Partners as part of a global strategy to grow the business fivefold. No financial details of the deal have been disclosed, however reports value the transaction, which is set to close in the middle of the year, to be worth over US$1 billion. Godiva will use the proceeds to finance diversification, including an expansion of its cafe business from 20 stores to more than 2,000 globally in the next six years.