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🇦🇹 Austria /Economy & Trade

Operator of Vienna’s Gleisgarten Food Hall Files for Insolvency

From Die Presse · () German

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

At a glance

News Named sources In the courts
  • Kraft-Moments Development GmbH, operator of Vienna’s Gleisgarten food hall and event venue, has become insolvent, creditor protection groups said.
  • The company cited falling sales, including during the hot summer, and rising costs; its debts total 4.5 million euros.
  • No continuation or restructuring is planned, affecting 30 employees and about 80 creditors.

The company behind Vienna’s Gleisgarten food hall has filed for insolvency, with creditor protection groups putting its liabilities at 4.5 million euros.

Kraft-Moments Development GmbH operates the food and events venue in a former Badner Bahn tram depot in Meidling. The location opened in 2023 and houses several food stalls and a brewery.

The insolvency application blamed falling sales, including declines during the hot summer, as well as rising costs. The creditor protection groups KSV 1870, Creditreform and AKV announced the case on Monday.

They said the company is not expected to continue operating or undergo restructuring. The next steps remain open. The proceedings affect 30 employees and around 80 creditors.

About this summary

Originally published by Die Presse 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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