Zurich culture center shuts down
«Cosmos – vision without sustainable feasibility»
Debt burden and costs are too high, says the board of directors. “The cosmos has probably always remained just a vision without sustainable feasibility”.
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At the door of the cosmos: a note indicates that it will be closed on December 5th.
The new board of directors tried to carry out an immediate, tough restructuring, it said in a statement on Monday. The economic concept is still insufficient.
The balance sheet was deposited with the bankruptcy court in Zurich on Monday. «It is unfortunate that there is no other way. All rescue attempts have failed, »board member Roberto Feusi is quoted in the message. Feusi and Valentin Diem have been the only directors since September.
According to Feusi, there was no functioning business plan. The financial situation was also not presented transparently to the board of directors. “It’s not possible to put the company on a healthy footing with this debt load,” says Feusi.
Repeatedly dispute
The cosmos on Zurich’s Langstrasse housed a cinema, a bookshop and a restaurant. More than 70 people will lose their jobs. Whether there will be another cultural event in the same place is an open question, the statement said.
Das Kosmos was founded in 2017 by filmmaker Samir, among others. The cultural center kept getting into trouble. The entire Board of Directors resigned in May. The founders, Samir and bookseller Bruno Deckert, had also fallen out. (SDA)