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Just a few weeks after the Vapiano restaurant chain filed for bankruptcy, it is now for sale. Interim insolvency administrator Ruth Rigol: “We want to carry out an open, transparent and timely sales process. In our opinion, this is the best solution given the current exceptional situation ”. According to a company statement, the sales process could extend to the entire Vapiano Group’s global business or even to individual restaurant portfolios and assets. Negotiations with interested investors are expected to take place in late May 2020. However, franchise restaurants are not included in the sale process.
In early April, Vapiano SE filed an application with the Cologne District Court to open insolvency proceedings for insolvency. The economic consequences of the Corona crisis were too much for the company, which was in the red anyway.
Talks with Vapiano investors are already underway.
As part of the preliminary bankruptcy proceedings, Vapiano has now received a bulk loan, which is intended to serve as a bridge until commercial operations, such as Rigol, can resume.
reported. This is an important step in maintaining the restaurant chain. The lawyer was confident of finding an investor for the Vapiano group.
With good reason. Because sales talks for subsidiaries in France, according to the company, are already “at an advanced stage.” The signing of the purchase contract is expected in late May.
In total, Vapiano SE and the operating subsidiaries in Germany, which are also in preliminary insolvency, employ more than 2,500 people. Vapiano’s subsidiaries in France and Luxembourg are not bankrupt.
(dpa / KP)
