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2 clusters · 12 sources · 21 days · First seen · Last updated

Argentine textile industry crisis

Overview

The Argentine textile industry is facing a significant crisis, evidenced by the bankruptcy filings of major players. In early September, the clothing brand Batuk, managed by Barhut S.R.L., entered a preventive bankruptcy process (concurso preventivo) citing a decline in real sales, rising financial debt, and unpaid tax and social security obligations.

By late September, manufacturer Jutex SRL also entered a preventive bankruptcy process, reporting liabilities exceeding $635.45 million. The company, which produces for several major brands, halted operations at its Munro facility due to missing provincial permits for machinery, leading to revenue drops and delivery delays.

Data from Fundación Pro Tejer indicates a broader sectoral decline, noting that textile production fell 24.4% year-on-year during the first half of 2026, with factories operating at only 39% capacity. This downturn is further pressured by a 62% increase in the volume of clothing imports during the same period.

Entities

Barhut S.R.L. · Jutex SRL · Mango · Portsaid · Rapsodia

Timeline

  1. [BUSINESS] 5 sources
    Jutex SRL enters bankruptcy with $635 million in debt

    Argentine manufacturer Jutex SRL, which produces clothing for major brands, has filed for bankruptcy with $635 million in debt amid a broader textile industry crisis and rising imports.

  2. [BUSINESS] 6 sources
    Batuk clothing brand enters bankruptcy process in Argentina

    Argentine clothing brand Batuk has filed for preventive bankruptcy following a decline in real sales and rising debt, affecting 112 employees.

Sources

0223.com.ar · bigbangnews.com · cuestionentrerriana.com.ar · eldiariodehoy.com · hoydia.com.ar · lacalle.com.ar · lavozdesanjusto.com.ar · losprimeros.tv · mendoza24.com.ar · motoreconomico.com.ar · santotomealdia.com.ar · sitiosargentina.com.ar