05.06.2024 09:40
Turkey's giant sock company, which has been in operation for 56 years, is on the verge of bankruptcy. The sock company, which exports to various countries in Europe, the Middle East, and Africa, had its request for concordat rejected by the court.
The ongoing global crisis, instead of coming to an end, continues to worsen day by day, pushing large companies to the brink of bankruptcy. As the number of companies declaring bankruptcy and concordat increases in recent times, Turkey's giant sock company, which has a production facility in Düzce Gümüşova and has been in operation for 56 years, is also on the verge of bankruptcy. The sock company, which exports to various countries in Europe, the Middle East, and Africa, had its concordat request rejected by the court.
Istanbul Bakırköy 2nd Commercial Court rejected the concordat request of Kırmızıtaş Socks Textile Food Construction Industry and Trade Limited Company and Redstone Automotive Textile Food Industry and Trade Joint Stock Company. The court stated that the companies have a capital value of 10 million TL.