The Brödernas hamburger chain was founded at the beginning of 2018 by the brothers Joakim Wiklander and Jonas Wiklander. The first restaurant opened its doors on Liljeholmen in Stockholm.
The chain expanded rapidly and in 2021 they opened, according to The real estate world50 new restaurants around Sweden. But since then it has been more difficult for the chain.
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Photo: Samuel Steén/TTEFinancial difficulties for the Brödernas hamburger chain
News24 has previously written about the Brothers’ financial difficulties. In 2022, Brödernas’ parent company Brödernas TopCo AB made a loss of a whopping SEK 168,879,000.
In 2023, two people and the company were sued by the corporate financier Aros Kapital. It was two people Mika Zibanejad and Monir Kalgoum, who both invested in the hamburger chain.
The two mortgaged their properties to secure a loan that Bröderna’s CEO Joakim Wiklander took out.
According to the lawsuit, Wiklander had not paid back SEK 4.5 million of the debt.
READ MORE: The brothers’ CEO is being sued for a loan of 4.5 million – Mika Zibanejad may lose his villa
Huge losses for the Brethren in 2023
In 2023, the chain had a real financial crisis with big losses.
Breakit has taken part in the company’s turnover and loss in 2023. According to the newspaper, it was a loss of SEK 175 million.
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Closed again 12 restaurants
In response to the disappointing numbers, the chain was forced to shut down 12 restaurants last year.
“During the current challenging times for the industry and with geopolitical and economic concerns, the focus has been on turnover and profitability. As a result, the board and management have reviewed all restaurant units, and twelve units were closed in 2023 in order to better prioritize other units with greater potential at the moment,” the management writes to Break it.
In January this year, founder Joakim Wiklander left the CEO position.
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