The operation continues, but in a slimmed-down version! A week and a half after the opening of insolvency proceedings against Gragger & Cie GmbH, the first course was set for the wood-fired bakery. Two branches were closed by curator Andrea Fruhstorfer.
Curator Andrea Fruhstorfer lets no time pass in the battle for the future of Gragger & Cie GmbH: On December 30, the restructuring process for the wood-fired bakery founded in Ansfelden was opened, while the office network has shrunk significantly. Two sales locations in Vienna have recently closed, so only three are still in operation.
The store on Landstrasse in Linz was closed at the beginning of November and therefore even before the bankruptcy. Signs and posters are reminders of Gragger’s guest appearance downtown. The employees affected by the bankruptcy will be informed during company meetings this week. The mountain of debt would amount to more than 1.1 million euros.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
