AKV and KSV1870 announced on Wednesday that restructuring proceedings without self-administration had been opened at the regional court.
As reported, the company KaBB Gastro, founded in 2015, belonged to Philipp Kaufmann for years. Last week it became known that the entrepreneur was giving up plans for his gastronomy empire and wanted to divest himself of all gastronomy holdings.
According to KSV1870, Christian Meixner and Manuel Wellmann, two of Kaufmann’s former colleagues, now act as shareholders and managing directors of KaBB Gastro. There are two restaurants in Linz, the Lunzerwirt and the El Mariachi. Both companies are to be continued.
24 employees affected
Personnel problems and a lack of sales are seen as the cause of the bankruptcy. 24 employees and 65 creditors are affected. The liabilities amount to around 615,000 euros; there is no information about the assets. The creditors receive a quota of 20 percent.
Linz lawyer Eva Meusburger-Streicher was appointed as insolvency administrator. “It will quickly check whether it is possible to continue operating the restaurant without further damage to the creditors,” says Petra Wögerbauer from KSV1870.
ePaper
**Interview with Christian Meixner, Managing Director of KaBB Gastro**
**Editor:** Thank you for joining us today, Christian. We’ve recently learned that KaBB Gastro is undergoing restructuring proceedings. Can you provide us with some details about this situation?
**Christian Meixner:** Thank you for having me. Yes, it’s true that we have initiated restructuring proceedings at the regional court. This is a crucial step to stabilize our operations and ensure the longevity of our restaurants, Lunzerwirt and El Mariachi.
**Editor:** What prompted the decision for restructuring, and how did the previous ownership situation influence this?
**Christian Meixner:** The company faced significant challenges, particularly in personnel management and a downturn in sales. As you mentioned, Philipp Kaufmann decided to divest from the business, and that left us—Manuel Wellmann and myself—with the responsibility to take over. We believe that restructuring is necessary for a fresh start.
**Editor:** It’s reported that there are 24 employees affected by this process. How are you managing the transition for them?
**Christian Meixner:** Our employees are our priority, and we are committed to their well-being during this transition. We’re working closely with the insolvency administrator, Eva Meusburger-Streicher, to ensure that operations continue smoothly and that we are fully transparent with our staff regarding the proceedings.
**Editor:** What is the current status of the company’s finances, especially with regards to the creditors?
**Christian Meixner:** We acknowledge our liabilities amount to approximately 615,000 euros, and we’re in discussions about how to manage our obligations. Creditors can expect a partial repayment, with a quota currently set at 20 percent. We’re hopeful for a plan that minimizes the impact on all parties involved.
**Editor:** What are the next steps for KaBB Gastro, and what can customers expect moving forward?
**Christian Meixner:** Our immediate goal is to maintain operations at Lunzerwirt and El Mariachi without further disruptions. We plan to enhance our offerings and attract more customers to improve our financial situation. We appreciate the support of our community and hope they will continue to enjoy our restaurants during this process.
**Editor:** Thank you, Christian. We wish you and the team the best of luck as you navigate this challenging time.
**Christian Meixner:** Thank you for your kind words. We’re optimistic about the future and committed to making KaBB Gastro a success.