At the age of 63: L'Osteria founder dies in a rally accident in Mallorca
The 63-year-old entrepreneur died during the “Rally 550 Challenge Mallorca” when his vehicle left the road.
Quick Look
The co-founder of the restaurant chains L'Osteria and Vapiano, Klaus Rader, died in a fatal car accident during a rally in Mallorca at the age of 63.
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Why It Matters
Klaus Rader was an important German restauranteur who co-founded L'Osteria and Vapiano. He began his career as the youngest McDonald's franchisee in Germany.
From Germany's youngest McDonald's franchisee to co-founder of two large restaurant chains: Klaus Rader shaped system catering. Now the entrepreneur has had a fatal accident during a rally in Mallorca.
Klaus Rader, the founder of the L'Osteria restaurant chain, is dead. The 63-year-old died in a car accident during the "Rally 550 Challenge Mallorca". Several media outlets reported this unanimously. According to the "Mallorca Zeitung", the businessman's vehicle left the road on a country road between the towns of Pollença and Lluc and fell into a ravine. Rader was killed and his 39-year-old passenger was injured in the spinal cord, according to police reports.
Rader was one of the most successful German system restaurateurs. At the age of 25, the trained hotel clerk became the youngest McDonald's franchisee in Germany and operated six branches at one point. Together with Friedemann Findeis, he took over an Italian restaurant in Nuremberg in 1999 and developed it into L'Osteria. In 2002 they were both co-founders of Vapiano.
With XXL pizzas, a uniform concept and expansion through franchise partners, Rader and Findeis shaped L'Osteria into one of the largest German restaurant chains with more than 200 locations in Europe. In 2023 they sold the majority to investor McWin. L'Osteria was valued at around 400 million euros. Rader remained a minority shareholder and member of the supervisory board.
Open Questions
- What is the passenger’s current state of health?
