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Argentine textile firm Zhoue files preventive bankruptcy, $5.9B debt, 702 rejected checks
Published 1 d ago2 sourcesEvidence: Reported
SeverityModerateLa Nación (Argentina)Low-rated sourceAR
A court in La Rioja, Argentina, opened preventive bankruptcy proceedings for textile entrepreneur Teddy Karagozian, to be processed jointly with Hilado SA of the TN Platex group. The move signals financial distress in the Argentine textile sector, though the scale of liabilities and impact on operations remain unclear.
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