Bread & Butter Exploring New Avenues After Filing for Insolvency

After canceling the January 2015 edition of its trade show just last week, Bread & Butter has officially filed for insolvency, but plans to return with a revamped concept as early as next month. As previously reported, founder and managing director Karl-Heinz Müller announced the cancellation after not being able to secure enough exhibitors for the upcoming show — which would have been the 29th installment of Bread & Butter. Faced with its current legal liabilities — its lease for Berlin’s historic Tempelhof Airport runs through 2019 to the tune of about $2.4 million USD per year — the company "had no choice" but to file for insolvency in order to restructure its debt.
Despite its legal status, Bread & Butter will continue to operate its two 14 oz. storefronts, as well as the brand’s web store, while Müller confirmed that a new, small-scale Bread & Butter concept — dubbed "Bread & Butter – Back to the Street" — is in the works for January and tentatively set to take place at 14 oz.’s Hackesche Markt location in Berlin.

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via Hypebeast