Turkey's Long-Established Company Goes Bankrupt: It Had Been Producing Goods for 46 Years - Sözcü Newspaper
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5 Articles
A decision has been announced in the concordat case concerning companies affiliated with Mavi Ay Yatak, one of Türkiye's long-established mattress manufacturers. The Bursa 1st Commercial Court of First Instance declared Ada Yatak Baza Sanayi ve Ticaret AŞ and King Protrade Tekstil Konfeksiyon Sanayi ve Dış Ticaret Ltd. Şti. bankrupt.
Haber 7 - The concordat request of the group companies affiliated with 'Mavi Ay Yatak', founded in 1980, was rejected. While the court ruled that Ada Yatak Baza and King Protrade Tekstil were bankrupt, it determined that the conditions for bankruptcy had not been met for two other companies belonging to the group.
Mavi Ay Yatak, founded in Bursa in 1980, entered into bankruptcy proceedings in 2025 due to financial problems. The Bursa 1st Commercial Court of First Instance ruled for the bankruptcy of Ada Yatak Baza and King Protrade Tekstil, two of the companies included in the case file.
Two companies affiliated with Mavi Ay Yatak, a 46-year-old mattress giant based in Bursa, have been declared bankrupt. Ada Yatak Baza and King Protrade Tekstil, whose requests for concordat (debt restructuring) were rejected, have been declared bankrupt, while two other companies in the group have been exempted from the bankruptcy ruling.
Mavi Ay Yatak, one of Türkiye's long-established mattress manufacturers, has gone bankrupt. (October 31, 2026, Sputnik Türkiye)
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