economy
Thousands of employees left jobless: Famous company goes bankrupt after more than 8 centuries
Bankruptcy proceedings initiated
TL;DR
- Naturgut Köllnitz GmbH, operating for over 800 years, has entered bankruptcy proceedings.
- The bankruptcy was initiated by the company after facing an unexpected loan repayment demand.
- The company's activities include fishing, fish processing, a restaurant, hotel, and a village shop.
- A search for a new investor is underway to preserve the business model.
- The goal is to find a 'younger and financially stable partner'.