One of the oldest pubs in Germany, Schaumburg Yard, has gone bankrupt after 270 years in business, writes Bild. The inn's history began in 1755, when a winemaker opened an inn with stables on the banks of the Rhine, which quickly became popular with merchants and travelers.
Over time, the “Schaumburg Court” turned into a place of worship: Friedrich Nietzsche, Alexander von Humboldt and Heinrich Heine came here, and in 1948 the Parliamentary Assembly met within these walls to prepare the country's Constitution.
In the 2000s, the facility underwent a reboot, but the pandemic, increased minimum wage, and energy costs led to a financial collapse. In January, a court in Bonn opened bankruptcy proceedings.
