Leipzig's traditional restaurant, the "Thüringer Hof", is insolvent. The popular restaurant at Burgstraße 19, a historic restaurant in the city, is facing financial difficulties after just five years under the management of landlord Christian Laube. The local court opened insolvency proceedings against the operating company.
The provisional insolvency administrator, lawyer Jörg Schädlich, has been appointed and is in the middle of finding a restructuring solution. Despite the crisis, the restaurant will remain open and the employees' wages are secured by the insolvency compensation, according to Schädlich.
The restaurant, which has existed since 1454, has played a significant role in Leipzig's history. Martin Luther is said to have often dined there. What was known as an impressive inn for 1,200 guests in the early days was destroyed in the Second World War and modernized by investors until 1996. Today, the property belongs to a Munich-based company.
The economic problems of the "Thüringer Hof" are the result of the overall situation in the restaurant industry: rising costs and the need to repay coronavirus aid are being met with falling sales. The current economic situation is challenging and measures for restructuring are being pursued intensively.
