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🇦🇹 Austria /Economy & Trade

Operator of Vienna food hall Gleisgarten in Meidling becomes insolvent

From Der Standard · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • Kraft-Moments Development GmbH, operator of Vienna’s Gleisgarten food hall, has become insolvent, creditor protection associations said.
  • The venue operates from a renovated former Badner Bahn depot in Meidling and opened in 2023.
  • The insolvency filing attributed the collapse to falling sales, including during the hot summer, and rising costs.

The operator of Vienna’s Gleisgarten food hall has become insolvent, with declining sales during the hot summer and rising costs cited in the filing.

Kraft-Moments Development GmbH runs the food and events venue in Meidling, housed in a extensively renovated former depot of the Badner Bahn. Creditor protection associations KSV 1870, Creditreform and AKV announced the insolvency on Monday.

Gleisgarten opened in 2023. The venue had drawn strong media attention in early 2022, before its launch as Vienna’s first food hall.

About this summary

Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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