Berlin-based trade fair Bread & Butter filed for bankruptcy on Tuesday, just days following the cancellation of its January 2015 show. Bread & Butter said operations for its specialty stores 14 oz. will remain unchanged.
The show’s founder Karl-Heinz Müller said, “Many will understand how painful taking this step was for me. But due to legal obligations, I had no other choice. After the cancellation of our January event, we received an unexpected wave of encouragement and support. Therefore, we are working on an alternative concept for January 2015 already.”
Müller’s alternative concept is a street fair-inspired event, which would take place in January. He is calling on brands that can take “the next step with us and who can still react on such short notice.”
Lawyer Christian Graf Brockdorff, the preliminary insolvency administrator for the case, said, “At B&B, I have met a highly motivated team of specialists who have expressed their strong will to continue the company’s activities. This is why my team and I will offer our greatest possible support to this Berlin flagship company, in order to secure the financial recovery and the continuation of the business. This includes the execution of the event in January 2015.”