Wave of bankruptcies continues: Next German bakery chain is insolvent


“The entire baking trade is in a difficult situation, but small and medium-sized bakeries such as Thilmann Brot are particularly hard hit. Nevertheless, I see opportunities for the Thilmann family business, since bread products are fundamentally indispensable and so is restructuring with the instruments of the insolvency code can be the start of a new beginning,” Lieser told Unternehmeredition.

Business operations in the production in clouds have continued so far, as has sales in all branches. According to the insolvency administrator, the wages and salaries of the 93 employees are secured by the insolvency money from the Federal Employment Agency until the end of November 2022. According to Lieser, the ultimate goal is the continuation of the company and the preservation of as many jobs as possible.



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