Sternenbäck Hechingen: Threat for 6 branches - bankruptcy causes unrest!

Sternenbäck Hechingen: Threat for 6 branches - bankruptcy causes unrest!

The Starbäck large bakery has announced the closure of its location in Hechingen. Managing Director Frank Winter announced in a current announcement that the company will continue until the end of the year. This decision represents a further setback for the company, which has already filed for the second time in four years. In the spring, Lutz Maschlanka, a lawyer from the Stuttgart law firm RSM Ebner proudly, was initially optimistic and expressed that no branches should be closed.

Starbäck operates six branches in Hechingen, and four can also be found in Albstadt and one in Bisingen. The future of these locations remains uncertain, while the company has not yet officially been served their fate. However, the communication of the company specifically referred to the fate of the Hechingen location.

hope for the East German locations

Starbäck fights with the consequences of pandemic, which already led to the first bankruptcy proceedings that almost half of the branch network was closed in the southwest and in East Germany. This step was necessary to keep the company financially over water because deficit branches heavily burdened the economic Situation. While the branches in the southwest are in danger, there are hope for the locations in East Germany. According to the current notification published after the application for the self -administration procedure, progress in the locations Gera and Spremberg.

"After applying for the self-administration procedures, the Starbäck Group worked at various concepts for corporate renovation," the statement said. The company management pursues the goal of maintaining jobs and business operations. An intensive investor process has started and one was about to present results.

reasons for closure in Hechingen

The closure of the Hechingen location is the result of the failed attempt to gain investors. The company's financial situation was significantly exacerbated primarily by severely increased production costs, including raw material, energy and personnel costs. These changes in the market environment led to a drastic deterioration in the company's competitiveness, which is why ultimately there was no longer any options for judicial renovation.

With the upcoming closure in Hechingen, Sternenbäck must now see how the economic situation improves and whether innovative solutions for the other locations can be found. The situation remains tense and the developments in the coming weeks will be crucial for the future of the branches. For more information, the latest reports on www.schwaebische.de can be viewed.