Billionaire looks at spinning off restaurant business
Istanbul, Turkey – 18 January 2018 –
Turkish billionaire Ferit Sahenk is considering spinning off part of his restaurant business for a potential initial public offering, people with knowledge of the matter told Bloomberg.
Sahenk’s investment firm Dogus Holding is working with advisers to carve out some of the restaurants under Dogus Restaurant Entertainment & Management into a separate unit, said the people, asking not to be identified because the talks are private.
The spin-off will contain the franchise of Japanese restaurant Zuma and the Nusr-Et steakhouse, popularly known by its founder chef’s meme Salt Bae, among others, the people said.
“Food and beverages is an area that we are very focused on and are growing fast,” Dogus Holding said. “We have various plans to further support this growth. 2018 will be a year that we will implement growth-oriented actions. We will do a lot of work in the area of food and beverages this year.”