Overview
- Hilado SA formally requested the opening of a concurso preventivo to reorganize debt, maintain plant activity and safeguard jobs and creditor claims.
- The company plans to order its liabilities and pursue sales of non‑strategic assets as part of the court process.
- Management blames a collapse in domestic demand, a surge of finished imports, deregulated foreign digital sales, an influx of used clothing and financing costs that ran above 2025 inflation.
- Argentina’s textile sector is operating at roughly a third of capacity, with sharp formal job losses and clothing imports reported at about USD 1.5 billion in 2025.
- Recent operational cuts include an indefinite halt at the Los Gutiérrez plant in Tucumán that affected 190 workers, and the filing comes as the government criticizes apparel pricing and a court now reviews the petition with debt details undisclosed.