Lunch Garden announced its filing for bankruptcy on Monday during an extraordinary works council meeting. Upstream, the company sought and found a new shareholder for part of its activities: CIM Capital. This will allow 42 restaurants (out of 62) to remain open. The impact on employment is not yet specified.
Management indicates in a press release “be aware of the enormous impact on staff”. “This is an extremely difficult decision, but it is the only way to ensure a sustainable future and retain as many jobs as possible.”
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