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Three Accomplished Business Leaders Join the Godiva Chocolatier Board of Directors on November 1st

November 3, 2008

NEW YORK, Nov. 3 /PRNewswire/ — Today, Godiva announces the addition of three highly accomplished global business executives to its Board of Directors. Since the acquisition of Godiva by Yildiz Holding, A.S., owner of the Ulker Group, in March, the Chocolatier has established a Board to help guide the business at this important juncture in its 82 year history. Godiva is appointing Rose Marie Bravo, Jay Margolis and Peter Saunders to join board members including Murat Ulker, Chairman of Yildiz Holding, A.S. and Jim Goldman, President & CEO of Godiva Chocolatier as they work to take the brand to new heights.

Murat Ulker, Chairman of the Board of Yildiz Holding said “We have completed the acquisition of Godiva by Yildiz Holding from Campbell Soup Co in 2008. Our plans for 2009 include initiating important new investments, some of which will be completed in the first half of the year. Most of our work will focus on new products and new markets. I believe that our new board members will contribute tremendously while we continue to work on achieving our goals.”

“I am thrilled to announce the addition of Rose Marie, Jay, and Peter to our Godiva Board,” said Goldman. “I believe they will help support our ambitious growth agenda and add to an already powerful Board that is well positioned to play an important role in driving the company’s success in the upcoming years.”

Named the #1 most powerful woman in fashion by Time Magazine and one of the hundred most powerful women in business by Forbes Magazine, Rose Marie Bravo served as CEO of Burberry Limited from 1997 to 2006 and then served as Vice Chairman until 2007. Under Bravo, Burberry more than doubled its sales and tripled its profits, establishing itself as a leading global luxury goods player. Prior to Burberry, Bravo was President of Saks Fifth Avenue and Chairman of the I.Magnin specialty division of Macy*s. She currently serves on the Board of Directors of Tiffany & Company as well as Estee Lauder.

“I feel honored to join the Godiva board at such an exciting time,” said Bravo. “I have been impressed by what I have learned about the brand and its potential. I look forward to contributing to Godiva’s plans to accelerate growth and build on its leadership position globally.”

Bravo will be joined by Jay Margolis, another senior executive who has successfully led strong retail brands throughout his career. Most recently, Margolis was President & CEO of the Limited Brands Apparel Segment. Earlier, Margolis served as Global President, COO, and Director of Reebok International, Chairman and CEO of Esprit de Corporation, and Vice Chairman and President of Tommy Hilfiger. Margolis is currently on the Board of Directors of the Boston Beer Company and the MacGregor/Greg Norman sports apparel company owned by Bain Capital.

Global business leader, Peter Saunders, will also bring relevant experience and a strong track record to Godiva. As Chairman of The Body Shop and CEO since 2002, Saunders led The Body Shop to triple its market value and grow sales to $1.7 billion dollars. Prior to The Body Shop, Saunders worked for T. Eaton Company, a leader in the Canadian department store channel. During his 25 years at T. Eaton, Saunders served in a number of senior level positions focused in the areas of merchandising and logistics, including Chief Operating Officer and Chief Merchant of the company.

Bravo, Margolis and Saunders will join Murat Ulker, Jim Goldman, Jim Zaza, Chief Marketing Officer, Yildiz Holding, A.S., and Atilla Kurama, Chief Financial Officer, Yildiz Holding, A.S. on the Board. Previously appointed independent Board members include: Mahmut Kusculu, a successful Turkish business entrepreneur, who has served on the Istanbul Chamber of Commerce and Industry for 20 years; Cem Kozlu, who served as the Chairman and CEO of Turkish Airlines, President of Coca Cola for Central Europe, Eurasia and the Middle East, and a member of the Turkish Parliament; and Christian von Stiegtliz, a former Procter and Gamble senior executive for over thirty years who pioneered P&G’s first business operations in Turkey and China.

About Yildiz Holding

Yildiz Holding, Turkey’s leading fast moving consumer goods company, started its activities producing Ulker biscuits in 1944. Yildiz Holding now operates in a wide range of areas ranging from biscuits to chocolates, soft drinks to milk and dairy products, baby food to personal care products and packaging with 65 production and marketing companies. Yildiz Holding employs over 29,000 people. With production in a total of 42 plants domestically and abroad, Yildiz Holding’s companies continue to be the leaders not only in Turkey but also in the region.

About Godiva

With production facilities in Belgium and the U.S., Godiva Chocolatier is recognized around the world as the leader in fine chocolates. From its famous truffles and shell-molded chocolate pieces to its European-style biscuits, gourmet coffees, and hot cocoa, Godiva Chocolatier has been dedicated to excellence and innovation in the Belgian tradition for over 80 years.

Godiva

CONTACT: Alana Radmin of ALISON BROD PUBLIC RELATIONS, +1-212-230-1800,or Alana@alisonbrodpr.com, for Godiva




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