Organic supermarket chain Basic is insolvent – CHIP

According to the report, Basic AG is struggling with rising rents and costs due to the expansion of the headquarters in Munich, which will open in November. The company recently announced a turnover of around 150 million euros. Basic AG is one of many organic retailers that have already got into trouble. The largest health food retailer, Bacher, and the fifth largest specialty retailer, Superbiomarkt, are undergoing renovations. The wholesaler BiUno Bio was even liquidated.

Source link