05.10.2025 12:21
Due to the impact of the global economic crisis, Karbel Tekstil, which produces for over 100 brands worldwide, primarily in Europe and America, has also joined the ranks of companies that have declared bankruptcy. The textile giant has officially gone bankrupt due to the economic downturn.
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The global economic crisis has led to the bankruptcy of many companies in Turkey, with the latest addition being Karbel Tekstil.
THE COURT RULED BANKRUPTCY
After entering a financial crisis, the company, which received protection upon its application, saw its concordat process come to an end with a court ruling. In the case heard last week, the court lifted the previously granted protection and precautionary measures, ruling for its bankruptcy. Thus, Karbel has also joined the ranks of textile companies that have gone bankrupt due to economic difficulties.
93% OF ITS PRODUCTION TO THE EU AND THE US
According to the information on its website, Karbel, established in 1996, serves over 101 brands worldwide with more than a thousand employees. The company also exports 93% of its production to the EU and US markets.
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