Healthy fast food chain Exki will receive an injection of 3 million euros from its shareholders. With the capital injection, the breakfast and lunch formula should be able to invest again.
Exki's shareholders are giving the restaurant chain a major power boost: together with CEO Frédéric Rouvez, the Dossche family, the majority shareholder with a 67% stake, and Iris Belgium (18%) are putting 3 million euros of fresh capital into the Belgian company. That's what De Tijd says.
The corona crisis hit Exki hard, especially since the chain has many branches in airports and other tourist locations. For example, the Paris airports have 14 franchise restaurants, of which only three are currently open again. In some other countries, too, branches are still closed.
This leads to a lack of cash in the company that needs to make some necessary investments: Exki wants to renovate the restaurants, open a central kitchen in Nivelles and further digitalise deliveries. From now on, however, the chain will do without co-founder Nicolas Steisel, who leaves the company and distributes his 8.9% participation to the other three shareholders. The entrepreneur no longer played an operational role at Exki.