The coronavirus epidemic, which emerged in Wuhan, China, also put the retail industry in a bottleneck. Stores that were temporarily closed due to curfews across Turkey began to suffer financial difficulties. Bernardo, one of the popular names of the glassware industry, applied for a concordat in 2018 due to financial difficulties. According to the news of Para Magazine, Bernardo went bankrupt as of 14.06 on May 18, 2021, with the decision of the Istanbul 1st Commercial Court of First Instance.
He got even more difficult due to the pandemic
According to the information received, the company has been in a more difficult situation due to its closed stores during the pandemic process. The company, which entered the process of financial difficulties in 2018, took the road to the court for concordat. The company had taken protective measures for the company during the said period, and then the restructuring process began. However, after the coronavirus epidemic that spread from China to the world, the company fell into an even more difficult situation. The number of sales points, which was 50, decreased to 24 in this process. According to the data on Bernardo’s official website, the number of stores has decreased to 8. Bernardo went bankrupt as of 14.06 on 18 May 2021 by the decision of the Istanbul 1st Commercial Court of First Instance. Istanbul 1st Bankruptcy Office was authorized regarding the liquidation procedures of the company. This department will handle the liquidation procedures. After the decision, Bernardo’s operating stores were also sealed by the Istanbul 1st Bankruptcy Directorate.