Why Did Bimeks Go Bankrupt? – Webtekno

Bimeks, which was founded in 1989 and became one of the pioneers of the sector in a short time, started its commercial activities with in a small shop It had started.

Later, with the successful moves he made, he became the leader of Turkey in his sector. one of the pioneers He managed to become one and rose rapidly.

So much so that it showed everyone what a big player it was by purchasing its competitors one by one, and in 2013, it acquired a British brand, Electro World’ü ve Darty’i had bought it.

But this rise came to a halt and unfortunately Bimeks’ troubled process began…

While Bimeks is known as one of Turkey’s leading technology retailers, it has experienced difficulties in recent years. financial difficulties It was starting to come to the fore.

The first step in this process was three years ago in 2016. foreign credit insurance company It is known that he was expelled after he started restricting his operations in Turkey.

Therefore, the interruption of credit limits provided to Bimeks’ suppliers about supplying products He started having problems.

The political and economic uncertainties experienced in Turkey in 2016 also had a bad impact on the company.

Especially after the July 15 coup attempt, Bimeks’ financial situation worsened.

Because in this period, in our country economic and political uncertainty This affected the opinions of credit rating agencies, and this reduced confidence in Turkish companies in international markets.

This is an expected outcome for Bimeks, which experienced misfortune after misfortune in 2016. cancellation of syndication agreement It meant.

Bimeks began to drown in various problems and was unable to pay its debts.

Even though Bimeks tried to restructure its debts, this efforts were not enough. Even though restructuring agreements were made with some banks, the company was unable to pay even the restructured debt.

Bimeks, whose loan applications remained unanswered, took the last resort He found it in his search for a partner. However, these efforts did not yield the desired results.

After 2018, things started to get worse.

Bimeks, which has more than 200 stores in more than 50 cities, is gradually to close stores and lay off employees started.

In fact, Bimeks, which was known as the first technology retail company to start trading on Borsa Istanbul in 2019. Removed from Borsa Istanbul and many investors suffered losses for this reason.

By 2021, the company bankruptcy was decided And thus, Bimeks’ 32-year adventure ended.

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