Overview
- The chain shut its remaining outlets Friday and owners sent a WhatsApp message to roughly 150 staff telling them the company would stop operating and request its own bankruptcy.
- Workers say locks were changed overnight and they were not allowed to retrieve personal belongings, and they face a high risk of unpaid severance because the company plans to file for bankruptcy.
- PanDanés entered a concurso preventivo in late 2025 after cheque rejections and liquidity problems, and its concursal records list Banco Galicia, tax authorities and social-security charges among large creditors.
- Management cut costs, renegotiated leases and received a small capital injection from its Danish shareholder in March 2026, but outflows exceeded inflows by May and those measures failed to restore payment capacity.
- The company attributes the collapse to a sharp fall in consumption, higher input costs and Argentina’s weak economic conditions, a dynamic that has pressured specialty bakeries and could leave suppliers and fiscal agencies with unpaid claims.