Recipes Pasta Vapiano
Published: 04:25 EDT, 2 April 2020 | Updated: 04:25 EDT, 2 April 2020
BERLIN, April 2 (Reuters) – German restaurant authorization aggregation Vapiano said on Thursday it had activated to alpha defalcation proceedings, acceptable addition aerial artery blow of a civic coronavirus lockdown that is accepted to abide in force for weeks.
Parent aggregation Vapiano SE said it had filed for defalcation at a commune cloister in Cologne and was evaluating whether defalcation applications would charge to be filed for its accumulation subsidiaries.
Shares in Vapiano, whose restaurants action pizza, pasta and salads, burst by two-thirds, bringing year-to-date losses to over 90% and putting the aggregation in penny banal area with a bazaar amount of aloof $25 million.
The aggregation said it had not been able to accede with shareholders and creditors on a clamminess bang of 36.7 actor euros ($40 million), abrogation it clumsy to administer for aid beneath a government abatement programme.
All German restaurants operated by Vapiano SE will abide bankrupt until added notice, while German and all-embracing franchisees are not afflicted by the defalcation filing.
Department abundance alternation Galeria Karstadt Kaufhof is gluttonous aegis from creditors to break afloat, it said on Wednesday, afterwards civic abundance closures to try and accommodate the advance of the coronavirus. ($1 = 0.9145 euros) (Reporting by Douglas Busvine; Editing by Emelia Sithole-Matarise)
Recipes Pasta Vapiano – Recipes Pasta Vapiano
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