Turkish shoe companies seek debt restructuring - footwearbiz: Leading

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Turkish shoe companies seek debt restructuring

01/10/2018
A number of Turkish footwear companies are undergoing debt restructuring, according to reports, owing to economic difficulties caused by devaluation of the Turkish lira.

One hundred Turkish Lira were worth $26.41 at the start of this year. By mid-August, the same number of lira were worth only $14.37.

Local media have named Hotic, Beta Ayakkabi, Yesil Kundura and Inci Ayakkabi as being among the shoe companies taking this step.


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