Zorlu Holding is a Turkish multinational conglomerate holding specialized in textiles, white goods, electronics manufacturing, energy, and financial services. Zorlu Holding is headquartered in Istanbul.
History
The Zorlu group was founded by Hacı Mehmet Zorlu.
Zorlu Holding acquired the electronics company Vestel in 1994.[1]
In December 2006, the most important stakeholders of the Zorlu family sold $250 million worth of their main controlling companies (Zorlu Linen Dokuma, Linens Pazarlama, Korteks, ...) back to the Zorlu Holding. The shares of Ahmet Zorlu and his family members in the Zorlu Holding lowered from 51% to 49%. Those changes came as the holding sought to consolidate its activities and turn to the international.[1]
In May 2011, the Zorlu Group selected the luxury hotel brand Raffles as the premium hospitality provider of the Zorlu Center, Turkey's first mixed-use project.[2]