Turkish firms say H&M, M&S cancel billions of dollars of orders, exports slump
Apr 07 2020 10:36 Gmt+3
Last Updated On: Apr 07 2020 10:38 Gmt+3
Turkish clothing makers say exports may slump 80 percent as customers abroad cancel billions of dollars of orders.
The companies are in talks with global brands such as H&M, Marks & Spencer and Primark over payments and orders placed, according to Mustafa Gültepe, head of the Istanbul Apparel Exporters’ Association. Hundreds of billions of dollars of clothing are now in storage awaiting shipment, he said.
More:Turkish firms say H&M, M&S cancel billions of dollars of orders, exports slump | Ahval