İş Gıda's Bankruptcy: Whose, What are its brands, Why did it happen?

The İstanbul Anatolian 1st Civil Court of Commerce has decided to declare İş Gıda company bankrupt. While the company's total debt was announced as 4.4 billion TL, this situation caused a major stir in the sector, leading many people to ask "Who owns İş Gıda?" and "What are İş Gıda's brands?"

The owner of İş Gıda is İlkem Şahin. Born in Istanbul in 1977, Şahin will be 48 years old as of 2025. Coming from a family originally from Malatya, İlkem Şahin grew up in his birthplace and entered the business world at an early age. Having successfully completed his education, Şahin discovered his entrepreneurial spirit at a young age and laid the foundations of İş Gıda in the early 1990s.

İş Gıda had become an important player in Turkey's food sector. The company was particularly known for processed food products and ready-to-eat meals, operating under numerous brands. However, in recent years, increased competition in the food sector, financial difficulties, and negative developments in market conditions put İş Gıda in a difficult position. These developments eventually reached a point that threatened the company's sustainability.

İş Gıda's bankruptcy has led to serious consequences for both its employees and business partners, costing thousands of people their jobs. Furthermore, the company's bankruptcy serves as a warning for other businesses in the food sector. The withdrawal of products belonging to the company's brands from the market may also affect consumers' shopping preferences.

İlkem Şahin's impact in the business world had been crowned with many awards and successes over the years. However, the current bankruptcy situation has been recorded as a significant turning point in his career. His potential future plans and new investments are eagerly awaited in the business world. The bankruptcy process also creates significant uncertainty for the brands owned by İş Gıda.