Overview

• Schillinger Vegan Holding filed for insolvency on August 1 with about €4.3 million in liabilities across roughly 40 creditors
• All three German Swing Kitchen restaurants have been shut down as part of initial actions following the insolvency filing
• Austrian locations in Vienna and Graz continue operating under a creditor-supervised restructuring process that will determine their future
• The chain introduced a revised menu in May and is prioritizing streamlined corporate structures and product innovations to reduce costs
• CEO Albrecht Eltz attributed the financial strain to aggressive expansion into Germany coinciding with rising raw material prices