Godiva Chocolatier to sell Asia-Pacific assets to MBK Partners
Godiva Chocolatier, backed by Yildiz Holding, said Feb. 20 they agreed to sell select Godiva assets to MBK Partners. These include Godiva’s retail and distribution operations Japan, South Korea, Australia as well as the future rights to develop New Zealand. This includes consumer packaged goods, digital-commerce, travel retail (for Japan and South Korea) and more than 300 retail stores. The transaction also covers Godiva’s production facility in Brussels that supplies product to these markets. Financial terms weren’t announced. Godiva Chocolatier provides artisanal chocolate. MBK Partners, of Beijing, is a North Asia private equity firm. Morgan Stanley provided financial advice while Baker McKenzie acted as legal counsel to Yildiz Holding and Godiva.
