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Aug 21, 2026
11:19
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ECONOMY // FINANCIAL FLOW
Business

Textile giant goes bankrupt after 61 years: massive debts, rescue attempt failed

The company "BBX Baby Kids Textile", which operated two massive factories and exported to 24 countries around the world, is finally collapsing. A court in Turkey ordered the liquidation of the company after a stay of proceedings period failed to save it from a debt crisis.

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