Following a decision by the Munich Local Court, the insolvent restaurant chain Sausalitos has filed for insolvency for several companies, including Sausalitos Holding GmbH and regional subsidiaries.
The 40 self-operated restaurants are to remain open and the salaries of the approximately 1,000 employees are temporarily secured, announced the company. Other locations operated by franchisees are not directly affected by the insolvency.
The chain’s aim is to continue operations for the time being and to find an investor for a system catering concept in the near future. The alleged reason for the bankruptcy was the decline in guest numbers since the coronavirus pandemic.
Sausalitos was founded in Ingolstadt, Germany, in 1994, before the chain was sold to investors in 2014.
