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yesterday

Swing Kitchen Owner Files for Insolvency as German Outlets Close

The parent company has begun a court-supervised restructuring in Austria to stabilize operations after debts of €4.3 million weighed down expansion.

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Mit pflanzenbasierten Burgern wollte Swing Kitchen die Geschmäcker erobern. Jetzt ist der Konzern insolvent.
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Overview

  • Schillinger Vegan Holding filed for insolvency on August 1, listing liabilities around €4.3 million and affecting about 40 creditors.
  • All three German locations in Berlin, Munich and Leipzig have been shuttered following unprofitable operations.
  • A non-self-administered Sanierungsverfahren ohne Eigenverwaltung has been launched to oversee recovery of the remaining Austrian branches in Vienna and Graz.
  • CEO Albrecht Eltz attributed the financial strain to rapid expansion during a period of rising raw material costs, calling the timing challenging.
  • The chain plans to implement leaner corporate structures, product innovations and a menu update introduced in May to support its turnaround efforts.