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Business News in Brief: Everything on the up and up for Danish sushi chain

Stephen Gadd
October 16th, 2017


This article is more than 7 years old.

In other news, Jysk, Damco and Change are all poised for expansion

Recently-released accounts show that the restaurant chain Sticks’n’Sushi is going from strength to strength – this year turnover has increased by 6 percent on last year and is 80 percent higher than five years ago, BT reports.

The chain is also expanding. At present it has 11 restaurants in the Greater Copenhagen area, five around London and one in Berlin.

The co-owner of the chain, Kim Rahbek, intends to continue down this path. “At the moment, we’re using a lot of resources optimising our business platform and getting the new restaurants up and running. That entails significant investment, so of course it will affect profits in the short run, but we see it as an important investment in the future.”


Danish startup helps other startups get funding
The Danish startup Capdeks, whose declared mission is to create an easy-to-use shareholding tool for both companies and investors, has just raised 8.4 million kroner in its quest to become the broker of choice for unlisted shares, reports Nordic Business Insider. Its CEO and co-founder, Christian Gabriel, said: “Late stage startups, usually at an age between three and eight years, are increasingly staying private and not going public. These companies prefer running continuous private funding rounds rather than to go for an IPO.” Gabriel points out that IPOs are seen as having too many strings attached, so staying private is seen as a better option. Capdesk runs an equity management system for several hundred private companies with a total market worth of more than 6.3 billion kroner.

Jysk to open in United Arab Emirates
The Danish bedding and furniture retailer Jysk is poised to move into the Middle East after signing an agreement to open a shop in Dubai’s Cityland Mall. Expected to open in 2018, the mall will feature over 350 retail outlets, dining options, entertainment and ‘Central Park’ – a 200,000 sq ft botanical garden. According to Jens Nordahl Ravnbol, Jysk’s franchise partner in UAE, the 14,400-sq ft (approx 1,340 sqm) shop will enable UAE consumers to experience Jysk’s product designs in a welcoming atmosphere, it added. Jysk has more than 2,500 shops worldwide in 48 countries.

Danish freight company opens in Cambodia
One of the world’s leading providers of freight forwarding and supply chain management services, the Danish company Damco, opened an office in Phnom Penh on October 5, reports ScandAsia.dk. At the opening ceremony, its area managing director, Marco Civardi, said: “Today’s Cambodian market exhibits one of the strongest economic growths in the region, thanks to its open market policy, hardworking staff, and a stable development of the economy. As global integration of the value chain accelerates, collaboration and communication become more important.” The company has a presence in over 100 countries worldwide and employs more than 11,000 people.

Underwear chain in expansive mood
The Danish lingerie chain Change of Scandinavia is set to invest 200 million kroner in international expansion, reports Børsen. The low-cost franchise chain wants to double its turnover over the next five years and open 200 shops worldwide. “We have become market leaders in Denmark, Finland and Norway. Those markets are fully established, and we have proven that our concept works, [not least] with our new IT-systems. Now we are ready to roll it out,” explained Claus Walther Jensen, the acting CEO of Change of Scandinavia, Change’s mother company. The company was founded in 1995 by Claus Walther Jensen and Gitte Geil and now has 240 corporate and franchised shops in nine countries. It also delivers to shops in four other markets.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”