News

Business Round-Up: World’s oldest themepark, so no stranger to pandemics, is reopening on June 8

Elsewhere, Maersk’s ship is steady, Bang & Olufsen’s heartbeat is just about audible, and Georg Jensen is hanging on the precipice

Roselyne Min

Bakken, which as the world’s oldest amusement park is no stranger to seeing off pandemics – including the outbreak of plague in 1711 that saw off a third of Copenhagen’s population –  has confirmed it is reopening on June 8 at 14:00.

The Klampenborg amusement park’s CEO told Mynewsdesk.com that it has “prepared and implemented a wide range of measures that live up to the authorities’ recommendations”, such as distance markings, increased focus on cleaning, and hand-splitting stations.

Tivoli reopening as well
Bakken will also limit the number of visitors using intelligent camera surveillance and fence off more of the area. More information can be found here.

Meanwhile, in related news Tivoli is also planning to open on June 8 as well.

Bang & Olufsen raising capital to survive
Bang & Olufsen, in trouble due to the Coronavirus Crisis, is raising a total of 400 million kroner in capital through a guaranteed share issue, according to a stock exchange announcement. Shareholder approval will be needed in advance and an EGM has been called for June 3, reports DR. The company has the backing of its three largest Danish shareholders: ATP, Chr Augustinus Factories and Færchfonden. Bang & Olufsen was already in crisis before the pandemic. In January, the company confirmed it lost 60 million kroner as revenue fell by 30 percent during its last financial year.

Georg Jensen could be soon run out of money
Georg Jensen has made a loss of 356 million kroner over the last four years, reports BT, including a 48 million deficit in 2019. Its future therefore looks particularly uncertain given the onset of the Coronavirus Crisis, as Francesco Pesci, its CEO, tells Børsen.no that it will go bust if revenue falls by more than 33 percent  this year. The jewellery company was founded in 1904 by the silversmith Georg Jensen and it has 97 stores worldwide – four of which are located in Denmark.

Maersk doing comparatively well
Maersk expects a 20-25 percent drop in freight in the second quarter due to the Coronavirus Crisis, according to its Q1 accounts. Despite the outbreak of coronavirus, which led to a 5 percent decrease in global demand, Maersk came out of the first quarter with a profit of 1.44 billion kroner. Like other shipping companies around the world, Maersk is loading fewer vessels due to lower demand. In the same period of last year, the company reported a loss of 4.5 billion kroner – partly due to activities at its subsidiary Maersk Drilling.

Hotel and restaurant industry figures confirmed for March
According to Erhervplus, border closures resulted in a major drop in hotel and restaurant sales in March, with revenue plunging by 53 percent from 5.6 million kroner in February to 2.7 million kroner. Dansk Erhverv estimates April will be worse.

KiMs denied exclusive trademark to produce square crisps
The Danish snack brand KiMs has been denied exclusive rights to produce square-shaped crisps by the Maritime and Commercial Court, reports TV2. KiMs applied to have its ‘Snack chips’ registered as a three-dimensional trademark in 2014. However an objection materialised in 2015, which the company appealed at the Appeals Board for patents. The case was revoked and transferred to the Maritime and Commercial Court. The Snack chip is square and known for its grooved surface.

18 bridges and tunnels under maintenance
The Road Directorate has confirmed it will spend 260 million kroner on maintaining 18 bridges and tunnels. One of them is the Oddesund Bridge, which connects Thy and the rest of Jutland. The 82-year-old bridge needs to replace its road lights. Some 140 million kroner will be spent this year, according to Erhvervplus.

.

 

TOP STORIES

  • Bestselling author of ‘The Year of Living Danishly’ Helen Russell on why she moved back to the UK after 12 years

    Bestselling author of ‘The Year of Living Danishly’ Helen Russell on why she moved back to the UK after 12 years

    After more than a decade living in Denmark, Russell shares why she made the move, how she’s coping, what she already misses, and the exciting new projects she’s working on. “It’s been a very tough decision. I love Denmark, and it will always hold a special place in my heart,” she says.

  • Denmark launches first AI supercomputer

    Denmark launches first AI supercomputer

    The new Gefion AI supercomputer is one of the world’s fastest and will accelerate research and provide new opportunities in Danish academia and industry.

  • Navigating big love, big moves and big feelings

    Navigating big love, big moves and big feelings

    Experts believe it takes seven years to move into a new culture, according to leading Danish psychologist Jette Simon and therapist Vibeke Hartkorn. For expat couples, the challenges of starting a new life together in Denmark can put pressure on relationships, but emotions-focused therapy can help.

  • More and more Danes are working after retirement age

    More and more Danes are working after retirement age

    Politicians debate a lot these days about when you can retire. The reality shows that an increasing number of Danes like to work, even if they can withdraw from the labor market. Financial incentives help.

  • Environmental activist fears death in prison if extradited to Japan

    Environmental activist fears death in prison if extradited to Japan

    Canadian-born environmental activist Paul Watson has been in prison in Greenland for almost 100 days awaiting an extradition decision for a 14-year-old offence against a Japanese whaling vessel that he calls a “minor misdemeanor”. The 73-year-old had previously passed through Ireland, Switzerland, Monaco, France and the USA without trouble, before Greenlandic police arrested him in July.

  • Denmark too slow to ease recruitment rules for non-EU service workers, say industry associations

    Denmark too slow to ease recruitment rules for non-EU service workers, say industry associations

    When the Danish government in January presented the first of its schemes to make it easier to recruit foreign labour from outside the EU, it was hailed by the healthcare and service sectors as a timely and important policy shift. But while healthcare changes have been forthcoming, the service sector is still struggling, say the directors of the industry association Dansk Industri and one of the country’s largest private employers ISS.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • Come and join us at Citizens Days!

    Come and join us at Citizens Days!

    On Friday 27 and Saturday 28 of September, The Copenhagen Post will be at International Citizen Days in Øksnehallen on Vesterbro, Copenhagen. Admission is free and thousands of internationals are expected to attend

  • Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.

  • Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality, home to Denmark’s largest infrastructure project – the Fehmarnbelt tunnel connection to Germany – has launched a new jobseeker support package for the accompanying partners of international employees in the area. The job-to-partner package offers free tailored sessions on finding a job and starting a personal business.

Want to advertise your job with CPH Post?

Contact us

Jobs