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🇹🇷 Turkey /Economy & Trade

Chobani Owner Hamdi Ulukaya Announces His Decision: Will He Invest in Turkey?

From Cumhuriyet · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

Interview Named sources New plan
  • Chobani founder Hamdi Ulukaya said he has made a firm decision to invest in Turkey.
  • Ulukaya said that, after the United States, Turkey offers the smartest long-term investment opportunity.
  • His comments followed a major sponsorship agreement with Fenerbahçe, including naming rights for its stadium and shirt sponsorship in European matches.

Hamdi Ulukaya says he has made up his mind about investing in Turkey: “Yes... I have now made a definite decision.”

The businessman, who was born in Elazığ in 1972 and later moved to the United States, founded the Chobani yogurt brand in 2007. Chobani grew into one of the largest yogurt brands in the United States, and the company is currently valued at more than $20 billion.

Yes... I have now made a definite decision.

· Hamdi UlukayaUlukaya answered a question about whether he planned to invest in Turkey.

Ulukaya spoke to Forbes Türkiye journalist Nilgün Balcı Çavdar after renewed attention surrounding his business activities in Turkey. Asked whether he was considering an investment there, he said he makes decisions quickly but thinks over the long term. “In the long term, after the United States, the smartest investment is Turkey,” he said.

He also attracted sustained attention last year after signing a sponsorship agreement with Fenerbahçe. The package, reportedly worth 120 million euros, includes renaming the Şükrü Saracoğlu Stadium the “Chobani Stadium” for 10 years and placing Chobani on the front of the club’s shirts for European matches.

I make decisions quickly, but I think over the long term. In the long term, after the United States, the smartest investment is Turkey.

· Hamdi UlukayaHe explained his approach to the planned investment in comments to Forbes Türkiye.
About this summary

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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