Gokaldas Adds Two Buyers In Africa Amid US$ 4.11 Million Dues Uncertainty
Gokaldas Exports has reported outstanding receivables of US$ 4.11 million linked to The Children’s Place following the US retailer’s Chapter 11 bankruptcy filing, while announcing two new customer additions at its African manufacturing operations.
In an update following its November 9, 2026, stock exchange disclosure, the apparel manufacturer said Atraco Industrial Enterprise FZE holds the receivables associated with the customer. The Children’s Place accounts for approximately 5–6% of Gokaldas Exports’ consolidated total income.
Based on a preliminary assessment, management sees a reasonably high probability of recovering a significant portion of the outstanding amount. The company said it is monitoring the proceedings and taking legal and commercial measures to safeguard its financial interests.
Meanwhile, Gokaldas Exports has onboarded a major US retail customer and a prominent European customer within its African operations under Atraco, supporting its geographical and customer diversification strategy.
The company is reallocating capacity and focusing on scaling production and strengthening commercial engagement with the two customers. Their identities were not disclosed.
Established in 1979, Gokaldas Exports supplies apparel to more than 50 countries. The company operates over 30 production units with an annual capacity of approximately 92 million garments and employs more than 55,000 people.
