A 70-year-old food giant has filed for bankruptcy protection.

A 70-year-old food giant has filed for bankruptcy protection.

30.05.2025 08:51

The global economic crisis has recently led to the bankruptcy of many companies in Turkey, with the latest addition being Uslu Gıda, which was established in 1955. The food giant, unable to overcome its financial difficulties, has filed for concordat.

Another company facing the reality of bankruptcy due to the global economic crisis has been added. Uslu Gıda, established in 1955 in the Çan district of Çanakkale, has filed for concordat due to financial difficulties. The Çanakkale 2nd Civil Court accepted the company's request and granted a one-year definitive period.

THEY AIM TO IMPROVE THEIR FINANCIAL SITUATION

During this process, Uslu Gıda's debts will be restructured, new enforcement proceedings cannot be initiated, and existing proceedings will be halted. The family business, which has been producing dairy products, olives, and their derivatives for three generations, aims to improve its financial situation with this decision.

70-year-old food giant filed for concordat

MOVED ITS HEADQUARTERS TO ISTANBUL IN 1994

Uslu Gıda started its commercial life with a cheese factory established by İbrahim Uslu in Çan. The company moved its headquarters to Istanbul in 1994 and returned to Çanakkale in 2011. The firm, which has a wide range of products from full-fat kaşar cheese, yogurt, and cream made from cow, sheep, and goat milk, produces in hygienic conditions at its modern facility in Çan. Additionally, it produces olive oil and other derivatives from the olives collected from its farms.

70-year-old food giant filed for concordat

FILED FOR CONCORDAT

Concordat is a legal process that allows companies facing financial difficulties to restructure their debts and avoid bankruptcy. Uslu Gıda plans to continue its operations by reaching agreements with creditors during this period. The one-year period granted by the court will allow the company to develop strategies for financial recovery.

Uslu Gıda delivers its products across Turkey with fast shipping, inspired by the fertile lands of Çanakkale. The company, which prioritizes quality in every product from local cheese varieties to olive oil, aims to offer "extraordinary flavors" as its vision.

70-year-old food giant filed for concordat

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