DeFacto CEO İhsan Ateş answered questions on Bloomberg HT.

DeFacto came to the rescue of ready-to-wear suppliers whose payment balance was disrupted due to international giants refusing to accept the goods they had ordered. DeFacto is providing a lifeline to textile suppliers abandoned by foreign fashion giants with 500 million TRY in unpaid debts. DeFacto CEO İhsan Ateş stated, ‘We will pay 400 million TRY within a month for approximately 19 million pieces of products we ordered for the summer season. Additionally, we will place orders worth 500 million TRY for the 2020-2021 winter season. In total, we will inject 900 million TRY to provide relief to our suppliers.’

Source:https://www.haberturk.com/video/canli-yayin/izle/defacto-ceosu-ihsan-ates-bloomberg-htde-sorulari-yanitladi/681897