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25 years after founding – million bankruptcy! Baker submits a reorganization application

Demand fell, energy costs rose
Helmut Gragger, who founded his wood-fired bakery in Ansfelden in 1997, opened his first location in Vienna in 2010. The baker now has five branches in the federal capital. What led to the financial turmoil? Here the absence of tourists and casual customers is mentioned, who would not come by so often due to the increased number of home offices. According to Creditreform, inflation is also causing the demand for high-priced bakery products to drop sharply. The Alpine creditors’ association also mentions the increased energy costs.

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