Restructuring accepted

Baker Hubert Auer has to close five branches

The demise of the traditional Graz bakery Hubert Auer has been averted once again: After the company had to file for insolvency for the second time in June, the restructuring plan has now been accepted. However, several branches have been closed.

Last June, the well-known Graz-based bakery chain Hubert Auer had to file for insolvency for the second time since 2020. The reason for this was failed investments and claims amounting to around 1.84 million euros were registered. At the hearing at the Regional Court for Civil Matters in Graz on Tuesday, 1.41 million euros of this was recognized, as AKV and KSV1870 report.

The creditors accepted a quota of 20 percent. The company (which has not been owned by the family for a long time) can therefore continue with its current 25 employees. The branches in Shoppingscity Seiersberg, Grazer Ankerstraße and Unesco Esplanade, in Peggau and Hausmannstätten were closed on September 18 - as were parts of the head office (including the patisserie). This leaves 10 of the last 16 branches.