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MBK Partners closes purchase of Godiva Chocolatier's select assets

MBK Partners wrapped up its acquisition of Godiva Chocolatier Inc.'s select assets for an undisclosed amount.

The deal includes the retail and distribution operations of the artisanal chocolatier in Japan, South Korea and Australia and the right to develop the business in New Zealand, as well as its production facility in Brussels.

The private equity firm was granted a perpetual license for the brand as Godiva keeps exclusive brand ownership across all global markets. The seller will also continue to own and operate the remaining markets and will still source its products from the Belgian facility, alongside its U.S. facility and affiliate facilities in Istanbul.

Godiva is owned by Istanbul-headquartered confectionery food maker Yildiz Holding AS.