Vişne Tekstil, which produces for global brands, was given a 1-year definitive respite; the bankruptcy of Umut Asansör in Isparta was decided.
The Istanbul 16th Commercial Court of First Instance granted a 1-year definitive respite for Vişne Tekstil and its partners, effective from 16 September. The Isparta 4th Civil Court of First Instance ordered the bankruptcy of Umut Asansör and Hakpen Asansör. Both companies were in difficulty due to rising costs and market shrinkage.