28.08.2025 02:23
Since 1984, GreenX Cosmetics, which produces cleaning products, car and room fragrances, has declared concordat due to economic difficulties. The court issued a 3-month temporary injunction for the company and appointed 3 concordat commissioners. Creditors were given a 7-day period to file objections, and it was announced that the hearing would take place on November 19, 2025.
Since 1984, GreenX Cosmetics, which produces car and room fragrances, has declared concordat due to economic difficulties. Upon the company's application, the court issued a 3-month temporary injunction decision.
3 CONCORDAT COMMISSIONERS APPOINTED
The Istanbul Anatolian 3rd Commercial Court initiated the concordat process upon the application of GreenX Cosmetics and Göker Import Export Marketing Ltd. Co. Three experts were appointed as concordat commissioners to examine the company's financial situation.
7 DAYS FOR CREDITORS
In the court announcement, creditors were granted the right to object to the concordat request within 7 days. Additionally, it was stated that creditors who claim that there is no situation requiring the granting of a concordat period can apply to the court with their evidence. The hearing is scheduled to take place on November 19, 2025, at 1:30 PM.
41 YEARS IN THE SECTOR
Operating in the sector for 41 years, GreenX Cosmetics produced a wide range of products from automotive maintenance products to household cleaning materials, and from personal care products to room fragrances. It will be determined in the upcoming period whether the company can emerge from the concordat process and restructure.