A Turkish textile giant that declared concordat is selling its factory.

A Turkish textile giant that declared concordat is selling its factory.

24.06.2025 11:50

The major company Aysunzade Tekstil, which declared concordat due to its inability to overcome a financial bottleneck, has put its factory in Samsun up for sale for 115 million TL. The company, which produces for famous brands, is struggling to cope with the financial crisis.

The global economic crisis has led to the bankruptcy of many companies in Turkey, with the latest addition being the Turkish textile giant Aysunzade Tekstil.

PUT UP FOR SALE FOR 115 MILLION LIRA

The giant company, which declared bankruptcy due to an inability to overcome financial difficulties and produces for world-renowned brands such as Massimo Dutti, LC Waikiki, and DeFacto, has put its modern factory located in the Samsun Bafra Organized Industrial Zone up for sale for 115 million TL. This move is seen as part of the company's efforts to restructure its debts and strengthen its financial position.

The Turkish textile giant declaring bankruptcy is selling its factory

HAD BEEN AN IMPORTANT SUPPLIER

Aysunzade Tekstil had been an important supplier in the ready-to-wear and fast fashion sectors for many years. However, rising raw material costs, increases in energy prices, and fluctuations in global demand have put the company in a difficult position.

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