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Coronavirus strikes down Vapiano

Eurobuild CEE 24 March 2020
Coronavirus strikes down Vapiano
EUROPE The Vapiano restaurant chain has announced its insolvency.

The chain was facing financial difficulties last year resulting in a restructuring programme, but has now proven not to be financially resilient enough to face challenges of the coronavirus crisis, which has resulted in 230 restaurants worldwide being closed. Under German law, the company has three weeks until it has to apply to the courts. In order to avert such an outcome, Vapiano will apply at short notice for support under the financial assistance programmes announced by various governments in Europe in connection with the coronavirus crisis.

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