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Hamburg sweet-maker Confiserie Paulsen files for insolvency after 97 years

Confiserie Paulsen, a Hamburg-based sweet manufacturer founded in 1928, has filed for insolvency after nearly a century in business, according to German daily Bild. The company has assured customers that its retail outlets will remain open during the insolvency proceedings. The filing marks the potential end of one of Germany's longest-running confectionery makers.