Leifert Bakery Chain Files for Insolvency Amid Economic Downturn
Leifert, a family bakery chain operating since 1950 with 40 stores, has initiated insolvency proceedings. Managing directors Nils and Anette Leifert cited weak economic conditions and soaring energy and raw material costs as reasons. Despite the crisis, customers can continue to purchase fresh bread and rolls during the restructuring process.
The insolvency procedure was started to save the business, with the restructuring plans set to determine its future. Employees will receive wage payments through insolvency money in the coming months. The bakery chain is currently grappling with a dampened buying mood and exploding costs, which have led to this critical situation. Despite these challenges, the management aims to give the bakery a new start.
Leifert, a long-standing presence in the baking industry, has applied for insolvency to secure its future. While customers can still enjoy their favourite baked goods, the success of the restructuring plans will be crucial in deciding the chain's fate. Employees can expect wage payments during this period.
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