Vestel

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Vestel Elektronik Sanayi Ve Ticaret A.Ş.
Company typeAnonim Şirket
BİST: VESTL
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HeadquartersManisa, Turkey
Area served
Europe, Middle East, Central Asia, United States
Key people
Ahmet Nazif Zorlu (Chairman)
Ergün Güler (CEO)
ProductsTelevisions, major appliances, digital signage displays, smartphones
Brands
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Total equityIncrease US$1.48 billion (2023)
Number of employees
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ParentZorlu 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

Vestel, IFA 2018, Berlin

Vestel was founded in 1984 and acquired by Zorlu Group in 1994.[7]

See also

References

  1. ↑ "Annual Report 2023" (PDF). www.vestelyatirimciiliskileri.com.
  2. ↑ "Vestel founds e-mobility division and announces MCS charger". electrive.com. Retrieved 2024-11-04.
  3. ↑ "History | Zorlu". www.zorlu.com.tr. Retrieved 2024-11-04.
  4. ↑ 4.0 4.1 Businessweek: "The Unknown TV Giant" Archived January 30, 2012, at the Wayback Machine
  5. ↑ "Turkish company launches new model smartphone - Latest News". Hürriyet Daily News. 2015-11-17. Retrieved 2024-11-04.
  6. ↑ "Vestel Ticaret signs brand license agreement with Toshiba Visual". Reuters. 1 September 2016. Retrieved 2024-11-04.
  7. ↑ "Vestel Group Corporate Profile > About Us > Home > Vestel Investor Relations". www.vestelinvestorrelations.com. Retrieved 2024-09-19.

External links

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