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Bakery in Vorerlberg goes bust

Five shops of the bakery „Plazi Bäck" in Götzis, Vorarlberg, are bankrupt. The credit protection association (KSV1870) announced that 26 employees and 17 creditors are affected.

Feldkirch Regional Court initiated insolvency proceedings against the bakery, which has been a family owned group for 130 years. According to the KSV, the company’s debts are estimated to be 707,000 Euros.

The owner Herbert Ender, who took over the company from his father in 1998, stated that it had not been possible to successfully implement the generous store strategy. The bakery originally operated nine shops; currently, there are only five shops left.

It will become clear until 20 June whether it is possible to finance the reorganisation plan, proposed by the company. Creditor’s claims can be made at the KSV1870 until 6 June.

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