It had been in the industry for 120 years! The giant company, which had an annual revenue of 4 billion TL, went bankrupt.

29.09.2025 08:10

Mayer & Cie., a leading textile machine manufacturer that has been in operation for 120 years, has filed for bankruptcy. Despite generating a revenue of 4 billion TL in 2024, the company was unable to overcome its financial difficulties.

Leading the world in circular knitting machines, Mayer & Cie. filed for bankruptcy shortly after celebrating its 120th anniversary. The long-established family company based in Albstadt, Germany, has plunged its 350 employees worldwide into uncertainty.

EMPLOYEES ARE CONCERNED

The majority of employees are based in the Baden-Württemberg region, while the rest are working in the Czech Republic and China. The company management announced on September 23 that it had initiated a bankruptcy process under its control. The fourth-generation representatives of the family business, Marcus and Benjamin Mayer, are directly managing the process, while bankruptcy experts from a law firm have also stepped in.

It has been in the industry for 120 years! The giant company with an annual revenue of 4 billion TL has gone bankrupt

A WORLD-RECOGNIZED BRAND

Mayer & Cie. is known for its circular knitting machines used in the production of t-shirts, underwear, pajamas, and bed covers. With over 300 patents, the company had reached the top of the global market thanks to its investments in technology.

80 MILLION EUROS WAS NOT ENOUGH

Despite generating a revenue of 80 million euros in 2024, the company could not overcome its financial bottleneck. The employees' previous waiver of special payments could not prevent the bankruptcy.

It had been in the industry for 120 years! The giant company, which had an annual revenue of 4 billion TL, went bankrupt.

Mayer & Cie., a leading textile machine manufacturer that has been in operation for 120 years, has filed for bankruptcy. Despite generating a revenue of 4 billion TL in 2024, the company was unable to overcome its financial difficulties.

EMPLOYEES ARE CONCERNED

A WORLD-RECOGNIZED BRAND

80 MILLION EUROS WAS NOT ENOUGH

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