Vegan biks closes and shuts down – Muricas News

Large investments from the Development Fund and capital funds weren't sufficient. The lunch field firm Easy Feast introduced final week that they might perform a reconstruction with a purpose to proceed operations.

It has not been profitable, and the corporate has now gone bankrupt and is ceasing all operations.

That’s what Børsen writes.

– We shut and change off. We do it in as orderly a approach as we are able to, however will probably be an abrupt awakening to a brand new actuality for our prospects, says co-founder and managing director Jakob Jønck to the media.

The large dream for the Danish firm was to unfold vegan meals worldwide, however now supply of meal packing containers has been discontinued in every single place.

Among the many buyers within the firm is Casper Christensen, who was additionally beforehand the exterior face of the corporate. Nonetheless, he withdrew from that job just lately, and as a substitute needed to go away his funding within the firm and let it deal with itself.

On the time, the corporate had a unfavourable fairness of DKK 100 million.

It was the sixth monetary yr in a row with a deficit, and it was the fourth yr in a row that the deficit amounted to greater than DKK 40 million.

The expansion fund talks in passing
In February, Vækstfonden was in a position to say in a press launch that they have been a part of an funding of virtually DKK 200 million in Easy Feast.

The state’s funding fund had itself thrown ‘a big two-digit million quantity into Easy Feast’, it stated, whereas the remaining cash got here from, amongst others, the listed Swedish funding firm Kinnevik.

Ekstra Bladet has tried to search out out precisely how a lot cash the Development Fund has invested within the firm, however the fund has not needed to reveal this.

Easy Feast is owned by means of an organization within the US state of Delaware, however it's unclear whether or not the Vækstfonden’s funding was within the Danish firm or the American one. Ekstra Bladet has requested this seemingly easy query repeatedly – and not using a helpful reply.

In response to the general public firm register, Delaware-based Feast Kitchen Inc. owns one hundred pc of Danish Feast Kitchen ApS. Neither Vækstfonden, Kinnevik nor different firms seem as house owners of Feast Kitchen ApS.