“Lost Hops and Malt”: Bankruptcy Filing Due to Grieskirchen Brewery Bankrupt in Millions

Online from today, 5:20 pm

Grieskirchen / Lower Austria.

The Grieskirchen brewery, founded in 1942, and sole shareholder MM Beteiligungs- und Beratungs GmbH filed for bankruptcy in court on Tuesday.

According to media reports, according to the credit protection associations, a request for restructuring procedure with self-administration for the brewery Grieskirchen GmbH and for its sole shareholder MM Beteiligungs- und Beratungs GmbH a reorganization procedure without self-administration in the regional court of Korneuburg. In addition to the 61 employees, up to 180 creditors are also affected by the bankruptcy of millions.

The brewery’s liabilities are likely to be around eight million euros, while the sole shareholder is around 3.7 million euros, he says.
The drop in sales is justified by the current situation of lack of acceptance by the hospitality industry due to the corona pandemic.

Photo: laumat.at/Matthias Lauber

Photo: laumat.at/Matthias Lauber

Photo: laumat.at/Matthias Lauber

Photo: laumat.at/Matthias Lauber

Photo: laumat.at/Matthias Lauber

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