The steak house chain Maredo had to file for bankruptcy in March 2020, and the last restaurants closed at the beginning of 2021. Now the restaurants are returning: An investor has bought the trademark rights.
Almost half a year after the closure of all the restaurants of the insolvent steak house chain Maredo, bars with the traditional name are set to reopen. Bankruptcy administrator Nikolaos Antoniadis has sold the Maredo trademark rights to an investor.
The start should be made in the first two weeks of July by Maredo restaurants in Dortmund, Berlin and Mülheim an der Ruhr, as Antoniadis announced on Thursday. By the end of the year, steaks are to be grilled again in up to 12 Maredo restaurants, including in Frankfurt, Stuttgart and Düsseldorf. Around 300 new jobs are to be created.
Bars closed at the beginning of the year
The company, founded in 1973 and already under pressure before the corona pandemic, filed for bankruptcy in March 2020. Initially, some of the 35 restaurants were closed and the employees working there were laid off.
In January 2021, the remaining 22 restaurants came to an end. Because Maredo had no access to the state aid, he had no choice but to terminate all employees and all rental contracts, Antoniadis had justified the step.