Branches had been closed, the bakery in Ansfelden (Upper Austria) was closed and the equipment sold! Four and a half months after the opening of the restructuring process through Gragger & Cie GmbH, Helmut Gragger was able to breathe a sigh of relief. The renovation plan for his wood-fired bakery was accepted.
Exactly at the end of 2022, the insolvency proceedings against Gragger & Cie GmbH were opened. After the operation of the wood-fired bakery was shrunk and the focus is now entirely on Vienna, the restructuring plan was accepted on Friday, the credit protection association announced in 1870. The creditors will receive a total of 280,000 euros over the next two years. Claims of around 1.4 million euros had been recognized in court.Day X for Austria’s oldest bakery on WednesdayFor Markus Weinhäupl, the day of the decision is next Wednesday when the creditors in Ried im Innkreis vote on the restructuring plan. In October of the previous year, Weinhäupl slid into insolvency with the oldest bakery in Austria in Altheim. Amount of debt: around 600,000 euros. Customers remained loyal to the company The price increases (especially in terms of energy) are enormously demanding, but the loyalty of the customers is encouraging. Insolvency administrator Wilhelm Deutschmann: “The people are holding the bakery.”
source site-12