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Insolvency shock for Stuttgart star restaurant: 30 jobs at risk!
The renowned “5 Gourmet Restaurant & Bar” in Stuttgart files for bankruptcy while employees fear for their future.
Insolvency shock for Stuttgart star restaurant: 30 jobs at risk!
The catering industry in Stuttgart has suffered a severe setback: the renowned “5 Gourmet Restaurant & Bar” has filed for self-administration bankruptcy. This Michelin-starred restaurant, run by chef Alexander Dinter, must now face the challenges of bankruptcy proceedings. As Merkur reports, the reasons for this step are the inability to meet their financial obligations on time.
Almost 30 employees and trainees are waiting in line and are worried about their jobs. The Aalen District Court has already approved the application and appointed lawyer Steffen Beck from PLUTA as provisional administrator. Despite out-of-court negotiations that yielded no results, restructuring consultant Dirk Eichelbaum remains optimistic. He sees opportunities to restore the economic performance of the highly decorated restaurant, as fr.de notes.
Problems despite an upswing
The bankruptcy of the “5 Gourmet Restaurant” comes as a surprise after an increase in sales last year. According to Stuttgarter Nachrichten, the restaurant was awarded a Michelin star again just four weeks ago - for the 13th time Episode. Michael Zeyer, the restaurateur behind the successful business, sees cost pressure as one of the main causes of the difficulties. However, the business will remain open and guests can count on the proven quality of the offering.
The current situation also has an impact on the financial conditions for employees: their wages are secured by insolvency money up to and including September 2025. However, there are restrictions on the use of vouchers as they can no longer be redeemed for reasons of insolvency law.
The next steps
The management of the “5 Gourmet Restaurant” plans to continue discussions with the interim administrator in order to find a permanent solution for the restaurant. Even if the situation is tense, there is hope that this traditional address of top German gastronomy will soon be able to stand on a stable footing again. The opportunity to renovate and the willingness to continue offering offers optimism in the midst of these turbulent times.