The Burger King GmbH of the controversial franchisee Yi-Ko has filed for bankruptcy. The application was received by the District Court on Wednesday Stade. The company is in debt claims to be the director of the district court said.
After the failure of negotiations with Burger King, the controversial franchisee Yi-Ko has filed for insolvency for its fast food made with approximately 3000 employees. The application was received by the District Court on Wednesday Stade. The company is in debt claims to be the director of the District Court, Willi Wirth said.
“The competent bankruptcy judge shall examine the application and will immediately make a decision on the provisional measures.” The insolvency application was submitted for the operating company Burger King GmbH Yi-Ko accordingly.
For investment ready
“We have until the end of intensive negotiations. It is very unfortunate that the parties to the end did not find an economic agreement. This is especially true because of the shareholders of the franchisee Burger King has accommodated in all labor law issues, including the tariff binding for all restaurants and was ready to make significant investments, “commented a lawyer for the law firm Graf von Westphalen the outcome of the negotiations.
“way for a whole new beginning”
The fast-food chain now sees the “way for a completely new start,” she explained. The district court will now first appoint a provisional liquidator, who promptly receiving his activity and confer an overview of the economic situation of the company. It will “work closely with the preliminary insolvency administrator and try as soon as possible, a solution for the reopening of the restaurants and safeguarding jobs to find, “it said.
Prior to Burger King had already announced that negotiations with Yi-Ko has a solution for the 89 closed fast food restaurants have failed. “We regret – especially with regard to the employee – that the negotiations have not yet led to no result,” a Burger King spokesman had said. You’ll continue to try to find a solution for the rapid reopening of the restaurants and the security of some 3,000 jobs.
Rapid reopening Continued focus
Burger King had his largest franchisee Yi -Ko terminated without notice in November and justified the step with breaches of contract. Previously, there had been fuss about hygiene violations and poor working conditions.
Because Burger King Yi Ko let prohibit the use of brand and logo and the branches no longer supplied, they had to close soon. In recent days, an agreement had during a marathon negotiations temporarily endorsed. The parties said originally scheduled for Monday scheduled trial from, apparently, to avoid burdening the talks.
But in the shortness of time and lack of sufficient information, it was not possible, “the potential risks in the estimate former Yi-Ko “, Burger King spokesman had said. You’ll continue to try to find a solution for the rapid reopening of the restaurants and the security of some 3,000 jobs. Sole owner of Yi-Ko is after a change of ownership of the Russian Alexander Kolobov. According to reports, was in negotiation with the conversation that he sold his shares and new investors continue the fast food
in the video. This explains Burger King, what is the operator of the disgust branch stores holding
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