The Tiziano Gelati brand is known for its three ice-cream parlours and one restaurant in
northern Germany. Nevertheless, the company had to file for insolvency: proceedings were
ordered in summer 2015 and a PLUTA attorney was appointed insolvency administrator. A
few months later, the PLUTA team was able to sell the business with the consent of the
creditors’ assembly. The buyer has experience in the industry and is successfully operating
in other German locations. All staff were kept on. The creditors received a higher-than average
double-digit recovery rate on their claims.