News

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, ...

To continue reading this story, please sign in or register.

Footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.