67-Year-Old Turkish Textile Giant Declares Bankruptcy

by Asia Garment Hub Team created 2024-10-31T20:23:41+07:00
Emek Kumaş, a prominent Turkish textile company operating for 67 years, has gone bankrupt with a debt of 500 million TL, which would be approximately 15 million USD. Known for producing fabrics for global brands like Marks & Spencer, Naf Naf, Bestseller, Koton, and H&M, the company couldn't overcome financial struggles during the concordat timeframe.

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