Kebab shop goes bust due to fierce competition
In the heart of Lentia, the popular kebab restaurant "Oliva" has filed for insolvency. The Regional Court of Linz confirmed the filing by "Oliva Adrias GmbH", the company responsible for operating the restaurant in the Linz shopping center.
The insolvency administrator appointed for "Oliva" in Lentia is Stefan Reiser. According to reports, Reiser will determine if any part of the business can continue, and if not, the business will be closed, and its assets realized.
The insolvency proceedings have left approximately 10 creditors in a precarious position. Meanwhile, the exact location of "Oliva" in Lentia remains uncertain.
Alexander Meinschad of KSV1870 has been appointed by the insolvency court to represent the creditors of "Oliva" in Lentia. He stated that a restructuring concept is necessary to prevent permanent closure.
The closure of "Oliva" in Lentia is attributed to staff shortages and increased competition, including the announcement of a new "Linzer Doener" branch nearby.
Interestingly, a separate "Oliva" restaurant in Pluscity is not affected by this insolvency. The fate of the employees at the Lentia branch is uncertain, with reports suggesting that 4 individuals are affected.
As the insolvency court-appointed administrator works to determine the future of "Oliva" in Lentia, the community waits with bated breath. The restaurant's closure, if confirmed, would mark a significant loss for the local food scene.
