Textile giant Uğur Balkuv Triko files for concordat
Uğur Balkuv Triko, a 39-year-old textile giant that manufactures for global brands, has filed for a concordat due to financial difficulties. The court has granted the company a three-month temporary grace period.
Uğur Balkuv Triko, one of the leading companies in the textile sector with 39 years of production history, has filed for a concordat. The company, which produces goods for global brands such as Mango, Zara, and Massimo Dutti, operates three factories. The court will announce its decision regarding the company, which has hundreds of employees, in three months.
MANUFACTURING FOR GLOBAL BRANDS
Uğur Balkuv Triko, which manufactures for some of the world's most famous brands such as Mango, Zara, Hugo Boss, and Massimo Dutti, filed for a concordat in recent days. In the case heard at the Istanbul Anadolu 3rd Commercial Court of First Instance, a three-month temporary grace period was granted for the company. The court's decision also stated that the company may appeal within 7 days.
News Source: 12punto
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