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Grilling in the summer – that’s something many Germans like to do. However, a well-known grill supplier had to file for bankruptcy. © Imago
Although it is currently peak season for barbecue enthusiasts, a leading company has run into difficulties. Things are getting tight for 38 employees.
Gütersloh – More and more companies in Germany are getting into difficulties. According to the Federal Statistical Office, in July alone, insolvency proceedings rose by 13.5 percent compared to the previous month. Insolvencies affect large companies such as Esprit, which is closing all its branches in Germany, and also small companies such as a German ski resortwhich may force the ski lifts to close forever.
Grill company from NRW is insolvent: 38 employees affected
Now the grill supplier Grillstar.de GmbH from Gütersloh also had to insolvency The application was submitted to the district court in Bielefeld on Thursday (8 August). Attorney Thomas Bagh was appointed as the provisional insolvency administrator. According to the local portal, nw.de 38 employees fear for their jobs.
According to its own information, Grillstar.de is one of the largest grill suppliers in Germany and, in addition to the online platform, operates a store in Gütersloh, a grill academy and a bar called “The Drunk’n Pig”. The company was founded in 2010. There are currently numerous special offers on the company’s website.
Insolvencies in Germany are increasing: Chamber of Commerce is concerned
Grillstar.de is not alone in this, many companies in Germany are currently facing difficulties. According to the Federal Statistical Office, the local courts reported 1,934 corporate insolvencies filed in May of this year – 30.9 percent more than in May 2023. The creditors’ claims were estimated at around 3.4 billion euros. In May of the previous year, the claims were just under 4.0 billion euros.
The German Chamber of Industry and Commerce (DIHK) interpreted the increase as a sign of the tense economic situation. “Relief in energy costs, taxes, bureaucracy and faster approval and planning procedures are urgently needed in order to give companies better conditions for business success,” explained DIHK SME expert Marc Evers.
According to the Federal Statistical Office, there was only a slight increase of 0.2 percent in consumer bankruptcies in May compared to the same month last year, with 5,691 cases. In April, the increase was 27.9 percent. (with material from AFP)
