Viennese Organic Bakery is Finally Bankrupt

The restructuring process of the Vienna organic bakery Gragger und Cie has failed, reported the newspaper "Die Presse". Company founder Helmut Gragger informed the remaining 35 employees about this. The insolvency proceeding began at the end of 2022. The Vienna organic bakery Gragger und Cie cited declines in sales during and after the coronavirus crisis as well as increased energy and labor costs as reasons.

"Proud of Vienna" Helped Vienna Organic Bakery Gragger in 2022

As recently as mid-2022, the city of Vienna joined the Vienna organic bakery Gragger und Cie as a minority shareholder with the project "Proud of Vienna" to support the company. According to credit protection associations, liabilities at the time of insolvency amounted to around one million euros with around 30 creditors. The Vienna organic bakery Gragger und Cie reportedly had 50 employees at that time.

(APA/Red)

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