Turkish Giant Exporting to More than 90 Countries on the Verge of Bankruptcy - Sözcü Newspaper
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4 Articles
The Commercial Court of First Instance has granted a one-year definitive moratorium under the concordat proceedings to Qlux Ideas, a company that exports kitchenware and household goods to over 90 countries from Brazil to Sweden, thus extending the existing measures.
A new decision has been made in the bankruptcy proceedings of Qlux Ideas, a kitchenware manufacturer that announced it exports to more than 90 countries on five continents. The court granted a one-year moratorium to the company and two individuals. The process has been ongoing for five months.
A court has granted a one-year moratorium to Qlux Ideas AŞ, a Turkish company that exports kitchenware and household goods to over 90 countries. The concordat process, which began in May 2026, aims to restructure the company's financial system, while the commissioner committee and existing measures will continue their duties.
Qlux Ideas, a company that exports kitchenware and home appliances manufactured in Turkey to numerous countries, has come to the forefront due to its bankruptcy proceedings. The court has initiated proceedings for the company, which operates in Lüleburgaz district of Kırklareli...
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