Insolvency at Hauswirth: chocolate producer fights for survival

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Die Burgenländische Schokoladenfirma Hauswirth ist insolvent. Steigende Rohstoff- und Lohnkosten sowie Corona-bedingte Umsatzeinbrüche führten zur Krise. Gläubiger können Forderungen bis Februar 2025 anmelden.
The Burgenland chocolate company Hauswirth is insolvent. Increasing raw material and wage costs as well as corona-related drops in sales led to the crisis. Creditors can register claims by February 2025. (Symbolbild/DNAT)

The Burgenland chocolate company Hauswirth has filed for bankruptcy, which has triggered a wave of concern about the future of the company and its products. This decision is followed by a number of stressful circumstances that the company has severely affected in recent years. In particular, the high prices for raw materials, increased energy costs as well as the challenges and sales loss caused by Corona pandemic led to this difficult location.

For the continuation of the company, however, the existing bank credit and the incorporation of open claims should be used. This procedure could show the attempt to continue the company under a new structure, while the financial difficulties are tackled. Creditors who have claims to Hauswirth must register their claims by February 3, 2025. This gives you the opportunity to be heard in bankruptcy proceedings. The first reporting and examination day statute is planned for February 17th.

challenges for the chocolate industry

The bankruptcy of Hauswirth reflects a major problem that affects many companies in the chocolate industry and beyond. The price increases for basic materials have significantly increased production costs, which endangers the margin for such companies. Consumers are also affected if the prices for confectionery rise on the shelves.

The chocolate industry has shown again and again in the past that it can be resilient, but the combination of economic pressure factors is currently particularly difficult. Dealers and producers are required to find innovative ways to deal with the increasing costs and still satisfy their customers.

In view of these factors, it remains to be seen whether other companies can escape similar fates or whether we may see further bankruptcies in the industry. The developments around Hauswirth could offer important teachings for both current market players and interested parties who want to get into the industry.

For detailed information on the background and the current state of insolvency proceedings, Exxpress.at .