The Turkish textile and apparel industry, a longtime pillar of the country’s economy, is facing a severe crisis
Rising production costs, inflation, and an unstable exchange rate have crippled the Turkish textile sector’s competitiveness, resulting in brands relocating to other sourcing countries, leading to a wave of factory closures and layoffs.
A story published last week in the Turkish press about Gelişim Tekstil, a key supplier for brands like The North Face, owned by VF Corporation, is a stark example of the unfolding crisis.
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