Fine-dining restaurant ‘5’ moves to restore financial viability

Management at Neresheim-based ZEDO GmbH, the operator of the ‘5’ gourmet bar and restaurant in the heart of Stuttgart, has filed for the opening of debtor-in-possession insolvency proceedings with the Local Court of Aalen. The court has approved the application and appointed attorney Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

“We are optimistic about the chances for restoring this fine-dining restaurant’s financial viability using the instruments available under the German Insolvency Code,” said Mr Dirk Eichelbaum, a restructuring consultant from dhmp Restrukturierung who is supporting ZEDO management.

“We will oversee the proceedings in the interests of the creditors and hold discussions now with management on the restaurant’s economic situation. The aim is to find a long-term solution,” said provisional insolvency monitor Mr Steffen Beck from PLUTA.

Reservations are still valid, and the wages and salaries of the almost 30 staff and trainees are guaranteed until September 2025 inclusive thanks to specific substitute benefits provided under German insolvency law. Vouchers can no longer be redeemed due to insolvency law restrictions.

Gourmet restaurant and bar at Schlossplatz in Stuttgart

Right in the heart of Stuttgart, in Bolzstrasse near Schlossplatz square, the ‘5’ gourmet restaurant and bar sets the benchmark for modern fine dining. The multi-award-winning establishment – arranged over two floors in the historic setting of Stuttgart’s first railway station – combines urban design, cosmopolitan flair and a culinary experience that draws food lovers from all over Germany. Head chef Mr Alexander Dinter has held a Michelin star since 2018. His creative, seasonally inspired menu (‘Radikosmos’) brings together international influences, Asian accents and regional products in surprising culinary fusions.