Response from Sarar Group to allegations of family internal share disputes.

Response from Sarar Group to allegations of family internal share disputes.

16.12.2024 19:30

The allegations regarding an internal family dispute within Sarar Group, one of Turkey's leading brands, have made headlines. The company issued an official statement regarding the matter. In the statement, it was emphasized that the claims in question are unfounded.

The famous clothing brand Sarar Group has responded to allegations of an internal family feud and that this has been taken to court.

In a statement regarding the issue, the company denied the allegations, stating, "We kindly ask you not to give credence to baseless news aimed at damaging our brand reputation."

"DOES NOT REFLECT THE TRUTH"

The statement included the following: "Today, we would like to share this statement with you due to the necessity of responding to questions regarding news that has appeared in various media outlets and has been determined to have originated from a single tabloid source. Sarar Group, with its 80-year history, is one of the significant organizations in Anatolia that continues to produce in Turkey today, operating in tourism, real estate, and energy sectors, with factories located in Eskişehir.

The issues mentioned in the news can also be confirmed by public sources as not reflecting the truth. The claims that profit shares and peace rights were not granted are completely unfounded, and all board members and shareholders are subject to the same conditions. The details of our board members are also available on our website. Sarar companies are managed professionally and undergo independent audits. We firmly believe that the independent Turkish judiciary will not give credence to these unfounded news items that carry the nature of "gossip." Therefore, it is aimed to influence the judiciary by creating public perception with these baseless accusations, for which the judicial process is ongoing. We kindly ask you not to give credence to baseless news aimed at damaging our brand reputation during this process."

CONTROVERSIAL ALLEGATIONS

According to allegations regarding the famous clothing brand Sarar, Cemalettin Sarar, one of the three partners of Sarar Group, transferred his shares under the guidance of his brother Sebahattin Sarar. Sebahattin Sarar gained dominance in the company management with the shares he acquired.

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