The steak house at Hackescher Markt in Berlin will be closed forever.
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(Photo: image source)
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Düsseldorf The Maredo gastronomy chain is forced to permanently close 13 of its 35 steakhouses. “The 13 restaurants had already recorded declining customer numbers before the outbreak of the corona crisis and were accordingly low-income,” said managing director Klaus Farrenkopf when asked by the Handelsblatt. The trade magazine “Foodservice” first reported on the closings.
Some of the restaurants affected are located in prominent locations such as “Unter den Linden” and “Hackescher Markt” in Berlin, at the Frauenkirche in Dresden or on Sandtorplatz in Hamburg. Steakhouses will also be closed in Aachen, Braunschweig, Bremen, Duisburg, Essen, Lübeck, Nuremberg, Wiesbaden and Wuppertal.
“In the course of the company’s insolvency proceedings, we put all Maredo branches to the test and examined them for their future viability,” said insolvency administrator Nikolaos Antoniadis. The decision not to reopen these restaurants after the corona pandemic was “imperative for business and economic reasons”.
“We very much regret that under these circumstances we have to part with numerous well-deserved employees and have to issue redundancies for operational reasons at the end of April,” emphasized Farrenkopf and Antoniadis. Maredo employs a total of around 950 people in this country.
In mid-March, the chain initially applied for bankruptcy in self-administration, but then switched to regular bankruptcy a good ten days ago. Even before the Corona outbreak, Maredo was a renovation case.
Hopes to reopen restaurants soon
Most recently, the company reported annual sales of around 50 million euros. Around five years ago sales were more than twice as high, according to the “Bundesanzeiger”. In the past few years, losses of millions had accumulated.
Management and insolvency administration are now working to make Maredo fit for the future again – even under the difficult conditions of the corona pandemic. They therefore hope that restaurants will reopen soon.
Meanwhile, bankruptcy administrator Antoniadis is looking for investors for the ailing steak house chain. The first restaurant was founded in 1973 by Manfred Holl, Karl-Heinz Reinheimer and Udo Schlote on Berlin’s Ku’damm. The name Maredo is made up of two letters from each of the founder’s names. Maredo was sold by the founders around 20 years ago. After a few intermediate stops, the Perusa Fund took over the group at the end of February 2017.
Maredo had taken over the expansion over the years – similar to Vapiano. The Pasta chain also recently had to file for bankruptcy. Other system restaurateurs such as L’Osteria or the Block House hamburger chain, on the other hand, had grown successfully before Corona. System catering made around 14.5 billion euros in sales in Germany in 2018.
More: Star chef Tim Raue becomes a delivery hero through Corona
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Very sorry to hear about the Maredo restaurants closing permanently. Every year when we came ovef from scotland we loved to eat there,for many years. The food was lovely and the staff wonderful ,when things are back to normal we will miss the food and staff!!????