Banks: troubled Volksbank Brawo to divest its restaurant businesses
The Volksbank is selling off part of its restaurants. Three businesses are being returned to their previous owner. The flagship restaurant "Überland" is also under review.
The Volksbank Brawo is restructuring its struggling gastronomy division, BG Gastro, by returning three of its six restaurants to their previous owner, Halil Deniz's Peacock Holding, effective August 1, 2026. The restaurants "Havn" in Hannover, "Glashaus" in Burgdorf, and "Frida am See" in Burgwedel will be managed by Deniz's company again.
The future of the remaining three restaurants, including "Überland" in the Brawo-Park, is uncertain, with a decision expected soon. The move is part of Volksbank Brawo's portfolio adjustment, which involves around 400 investments, and follows significant financial losses in the gastronomy sector, including a €413,540 loss in 2023.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
