“Hip burger chain” has submitted a request for a restructuring. Reorganization is being planned with a new investor.
The beginning took place in 2012 with a small burger kiosk in Upper Austria, at that time under the name Burger. Burgerista now operates eight restaurants. After out-of-court efforts to settle the obligations failed, the top Austrian burger chain with four locations in Vienna submitted an application to the Linz Regional Court to restructure the proceedings without self-management. The goal is to restructure the company and gain a new investor to continue the growth path.
According to AKV preliminary estimates, about 45 creditors and 130 employees are affected by the bankruptcy. According to the AKV and KSV1870, the liabilities are 2.872 million euros in the case of liquidation and 1.249 million euros only in the case of restructuring.
An unprecedented combination of negative external factors
“Bergresta was able to build on old sales levels after the Covid19 related shutdowns, but we are seeing an unprecedented mix of negative external factors affecting the restaurant business: the effects of the Covid19 epidemic, which flares up over and over again, on frequencies remain noticeable, and we are facing the same thing. Rapid increase in purchase, wages, rental and energy costs”, comments Burgerista Holding CEO Thomas Burscheidt.
“The premium brand and products have a large community of fans in Austria. And we definitely want to continue to provide them with our products. So we will welcome our guests in our restaurants as usual and reinvent ourselves as part of the process to ensure that it is fit for the future,” Borschedt continued. (JW)
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