Yıldız Holding and DeMet’s Candy Company, to form a new global company, “pladis”. In 2018, in the course of the Turkish currency and debt crisis, 2018, Yildiz Holding unexpectedly requested its creditors to restructure as much as $7 billion in loans. Yıldız Holding Yıldız Holding is a Turkish conglomerate that is best known for manufacturing food products. The company also produces other consumer goods and has its own retail, private equity and real estate operations. Yıldız Holding is among the largest food manufacturers in CEEMEA (Central and Eastern Europe, the Middle East, and Africa), generating revenues of 34.3 billion TL in 2016
Cem Karakaş Transformation and Non-food Business of Yildiz in 2013. Karakaş began serving as a board member of United Biscuits in 2014 and was named Executive Deputy Chairman of Yildiz Holding in 2015. As Executive Deputy Chairman of Yildiz Holding, Karakaş managed the integration of over 20 baked goods and confectionery businesses into the company, which led to the listing of Ulker on Borsa Istanbul, Turkey’s stock exchange. He is also credited with leading the IPO of Bizim Toptam and the acquisition of DeMet's Candy and United Biscuits. Karakaş also led Turkey’s largest bread business, Uno, and managed the acquisition and integration