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Millionerne tumble out of the Mash

It is manifestly difficult to make money out of selling great steaks.

In each case, the company behind the Mash-restaurants, Copenhagen Concepts, just presented an accounting for 2019, where the deficit is at 14 million crowns.

Thus have the chain with a little over 200 employees lost close to 40 million dollars the past three years.

'Total is considered the result (...) is not considered satisfactory,' writes the management as also in the accounts.

the Extra Leaf has Sunday been trying to get a comment from the director and principal owner Jesper Boelskifte. But he is on vacation, informs he in a text message.

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Mashs director and principal owner, Jesper Boelskifte, went in 2018 on the hunt for a pengestærk investor for his company. So far no luck. Photo: Janus Engel

Mash has nine restaurants in Denmark and in recent years also attempted an offensive in both England and Germany.

however, It is far from gone according to plan. On the contrary, it has cost millions of dollars.

In may 2019 closed Mash its great restaurant in Soho in London, while a number of restaurants in Germany is handed over to the franchisees.

'Neither the UK nor Germany have quite lived up to expectations,' writes the management in the new accounts.

in recent years, large deficits means that the equity in the company behind the Mash now is negative by 23 million euros.

the Company's owners have in trying to find a new investor, which can ameliorate the economy, but so far no luck.

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Mash has nine restaurants in Denmark, among other things, here in Odense, but had last year shut down in London. Photo: Tim Kildeborg Jensen

In the accounts, writes the director Jesper Boelskifte, however, that he and the way management expects a significantly better result in 2020 because of the 'savings made', as well as the neddroslede bet on overseas.

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