In a significant blow to the regional food production sector, the Bursa 1st Civil Court of Intellectual and Industrial Rights has officially ordered the bankruptcy of the Turkish wafer giant Master Choco Gıda. Despite an eight-year run that saw the company become a major player in wafer and chocolate production, a final attempt to restructure its debts via a concordat (debt restructuring) agreement was rejected by the court on March 29, 2026.
The Court’s Ruling: Rejection of Restructuring
Master Choco Gıda had previously applied for a concordat to manage its widening “economic bottleneck.” However, the court found the company’s recovery plan insufficient.
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The Verdict: The concordat request was rejected, and the company was…