Germany during the last 24 hours:
125 years after foundation: German construction company Wolff Hoch- und Ingenieurbau insolvent.
130 years after foundation: German confectionery manufacturer Bodeta insolvent.
156 years after foundation: German automotive supplier Borgers insolvent.
170 years after foundation: German soap maker Kappus insolvent.
“They’re not insolvent then, they just stop producing,” the German minister of economics and member of the Green Party, Robert Habeck, said in September.
⚠️ German businesses are going bankrupt faster than I can spell my name. Alarming.
— Marc-André Fongern (@Fongern_FX) October 19, 2022
h/t The Ghost of Oak Redhammer
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