Company:Vestel
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| Type | Anonim Şirket |
|---|---|
| Template:Imkb | |
| Industry | Consumer Electronics, Home Appliances, Information Technology |
| Founded | 1984 |
| Headquarters | Manisa, Turkey |
Area served | Europe, Middle East, Central Asia, United States |
Key people | Ahmet Nazif Zorlu (Chairman) Ergün Güler (CEO) |
| Products | Televisions, major appliances, digital signage displays, smartphones |
| Brands | |
| Revenue |  US$4.07 billion (2024)[1] |
| US$265 million (2023) | |
| US$80 million (2023) | |
| Total assets | US$4.95 billion (2024) |
| Total equity | US$1.48 billion (2023) |
Number of employees | 20,438 |
| Parent | Zorlu Holding |
| Website | [1] |
Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics,[2] major appliances and information technology. Vestel's headquarters and production plant are located in Manisa, while since 1994 the company's parent conglomerate is the Istanbul based Zorlu Holding.[3]
Vestel, together with its subsidiary brands has a significant share in the European market of consumer electronics and home appliances, in particular TV sets.[4] As of 2006, Vestel was the largest TV producer in Europe with more than 8 million units sold, accounting for a quarter of the European market.[4] Vestel also has a subsidiary brand Vestfrost, used for white goods, and Luxor, used for televisions, sold in the Nordic countries. In 2014, Vestel entered the smartphone market.[5]
Most TVs produced by Vestel are sold under licensed brand names such as Toshiba,[6] Hitachi, Polaroid, JVC, Bush, Alba, Finlux, Vortex and many own brand labels.
History
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Vestel was founded in 1984 and acquired by Zorlu Group in 1994.[7]
See also
- Zorlu Holding
- List of companies of Turkey
References
- ↑ "Annual Report 2023". http://www.vestelyatirimciiliskileri.com/_assets/pdf/faliyet/2023/vestel_faaliyet_raporu_2023.pdf.
- ↑ "Vestel founds e-mobility division and announces MCS charger" (in en-US). https://www.electrive.com/2024/09/20/vestel-founds-e-mobility-division-and-announces-mcs-charger/.
- ↑ "History | Zorlu". https://www.zorlu.com.tr/en/corporate/history.
- ↑ 4.0 4.1 Businessweek: "The Unknown TV Giant"
- ↑ "Turkish company launches new model smartphone - Latest News" (in en). 2015-11-17. https://www.hurriyetdailynews.com/turkish-company-launches-new-model-smartphone-91274.
- ↑ "Vestel Ticaret signs brand license agreement with Toshiba Visual". 1 September 2016. https://www.reuters.com/article/technology/vestel-ticaret-signs-brand-license-agreement-with-toshiba-visual-idUSFWN1BD08V/.
- ↑ "Vestel Group Corporate Profile > About Us > Home > Vestel Investor Relations". http://www.vestelinvestorrelations.com/en/about-us/vestel-group-corporate.aspx.
External links
Template:Istanbul Stock Exchange companies Template:Home appliance brands
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