Wednesday, April 15, 2020
Meet Kaspar Basse, the Eccentric CEO of Joe and the Juice
Meet Kaspar Basse, the Eccentric CEO of Joe and the Juice With an hour to go before the strangest, most exhilarating competition involving fresh fruit and a Vita-Mix the world has ever seen, a warehouse nestled between a series of other airy spaces at Copenhagenâs Papierøen Island is tense. Backstage, contestants are practicing their mixer-flips and ice cube balancing acts, while on stage, a wiry ex-karate champion who could pass for a Danish Sean Penn stalks back and forth, delivering an odd, profane pep talk. âThere is no reason to ever fâ"king feel entitled,â 46-year-old Kaspar Basse admonishes his audience. âThereâs no reason to blame the fâ"king weather because you canât do anything about it. Be fâ"king different. Itâs OK to want to look good. Most of us donât. But itâs OK to want to look good. Itâs OK to be vain. Vain is only a bad thing if youâre goddamn lazy.â Kaspare Basse of Joe and the Juice Michael Altschulâ"Visuelmedie.dk Before him stands a legion of mostly handsome Danes, mostly half Basseâs age, hanging on his every word. He is the leader of this cult, the fresh juice and coffee company Joe the Juice, a business that has grown in 15 years from a single shop in Copenhagen to an empire with 212 locations in 14 countries. Basse may come across like a middle-aged dad establishing street cred with a foul mouth, but he commands an enormous degree of respect in this room. Which is why, when he opens it up to questions, the first one is a crowd-silencer. âWhat is our proportion of women to men in the workplace?â asks Londonâs Ross Fellows-Patel, who is no outsider to Joe and the Juice â" but an employee. âIâm not the right one to ask,â Basse ducks, before another executive reveals that the total percentage of women in the workforce is just six. Basse then interjects, âWe want to bring more women into the company. Should that be a natural development, or should we force it? I believe it shouldnât be forced, that we should motivate people to be inspired to work for us, because it is a great company.â After a few more questions and presentations, the âShowOffâ begins. Itâs hard to describe, or at least hard to overstate, the insanity of a ShowOff. At its most basic level, itâs dudes from Joe stores around the globe making juice. But theyâre not just making juice: theyâre flipping pitchers into the air and catching them, theyâre juggling ice cubes, theyâre pouring juice into cups balanced on their foreheads, their biceps, their backs. Theyâre shirtless, theyâre sweating and theyâre on a stage in front of dozens of screaming young men and women. Each Juicer is given a few minutes to perform a series of tricks, and ultimately make a smoothie. Theyâre rated by judges for style, execution, and whether they actually completed making a smoothie. Itâs a hilarious competition, and thereâs no better place to bear witness to the enthusiasm Joeâs employees have for their work place. The level of stoke at a ShowOff is through the roof. The companyâs growth is as impressive as its employeesâ behind-the-counter antics. From 2012 to 2016, Joeâs revenue doubled, from $176 million to $396 million. In 2013, Swedish investment firm Valedo Partners bought the company for $48 million, with Basse keeeping a 10 percent stake, and remaining its CEO. Last October, private equity firm General Atlantic joined as shareholders in the company, equipping Basse with the cash he needs for a North American expansion: Joe the Juice is planning to open 150 stores in the U.S. in 2018, competing directly with the Starbucks gorilla for a slice of not just the $40 billion coffee market but the $2.3 billion consumers now spend on juice and smoothies. Joe The Juice, New York City Ed Rooneyâ"Alamy. But the woman question is interesting because itâs also undeniably a company full of dudes. Not just dudes but bros: chest bumping, weightlifting, screaming-in-each-others-faces (with joy!) bros. But whatâs particularly unusual about Basseâs band of bros is that theyâre bonding not over protein supplements or the New England Patriots but ⦠juice. Fresh-squeezed, fresh-blended, virginal, organic juice. And the companyâs testosterone-laced culture seems to lie at the foot of its success, as the competition in Copenhagen made clear. Basse, who like many of his employees has sculpted arms covered in tattoos, grew up in Copenhagen with his younger brother, Kristoffer. His father, Jørgen, was one of the CEOs of the successful department store Magasin, and his mother, Anne-Lise, worked in sales for IBM. Basse enjoyed an upbringing of opportunity, excelling in soccer and karate. In his 20s, Basse and his brother were both champions in the sport â" Kaspar actually beat his brother to win the national title at age 25, in a match that displayed the difference between their two fighting styles. Kaspar was the more creative and unpredictable, his brother more disciplined. They took divergent career paths as well. Kristoffer ran a telecommunications company, and after a few years in online marketing, Kaspar decided to do something his friends found a little strange: he opened a juice bar in a department store near the Kongens Nytorv square in Copenhagen. It lost money every year (it still does) but Basse learned an important lesson the day a guy named Philip Finsteen walked up to the front counter and asked for a job. Basse was the only employee at the juice bar and couldnât afford to take on help, but he did need someone to fill in for him so he could attend his motherâs birthday party that Saturday. He agreed to train Finsteen on Friday and let him run the bar on Saturday. âDonât fâ"k it up,â Basse warned him. Finsteen tripled the storeâs sales. The takeaway: for his company to succeed, the people who worked for him mattered more than anything. Joe the Juice cafe in Soho, central London Robert Evansâ"Alamy. âThe main difference between bricks-and-mortar and online retail is your people,â he says. If you program employees to read from a script theyâve memorized instead of hiring people you trust to interact well with customers, he says âyouâre already running it as an online business. Why pay the rent?â Despite that the department store location was losing money, Basse decided to expand to stores with bigger footprints, more traffic and higher rents, â" âthereâs something about the law of bigger numbersâ â" and he maintained an obsessive focus on culture. Instead of a human resources department, Joe The Juice manages personnel in its âHuman Potential Developmentâ department. Instead of having his employees memorize a script, he sized them up based on their charm and energy. âWe donât teach our people how to engage,â he says. âThatâs defensive.â He offers juicers a kind of exchange program, letting them work in stores at other locations across the globe. Joeâs key performance indicators include soft metrics, like âMeaningfulness quotientâ and âsocial mobility,â valued above same-store sales that can be misleading and that can trick managers into fixing the numbers with âshort-sighted tactics like discount campaigns and asking people to prostitute themselves by up-selling.â A few years ago, Joe the Juice started holding those informal âShowOffs,â which evolved into a wild party with DJs and drinks and juice-making acrobatics thatâs clearly infused with guy culture (juice names include âHangover Heavenâ and âSex Me Up.â) But theyâre also undeniably fun, and unimaginable at a Starbucks company retreat. Ninety-nine percent of Basseâs upper level managers began as juicers, and the average age of his employees is 33. Joe The Juice juicer Marcus Alex Lohse snaps a selfie for the grand finale of his winning performance at this yearâs âShowOffâ in Copenhagen. The competition features the best juicers from Joe locations around the world. Winston Ross. âWe want to end up being a real alternative to Harvard Business School,â he says. âWe might have summer camps. We need to tie people closer to us, to make it impossible for you to leave. Imagine if you could give your son five Joe The Juice shares as a Christmas gift.â What Joe gets right is experience, says retail expert Shawn Harris. âIt truly is a differentiator. Itâs almost like Coyote Ugly in there,â he says. Chicago-based Retail Analyst R.J. Hottovy says thereâs room for a company like Joe to expand in the U.S. âPeople are looking for new experiences with coffee; youâre seeing a trend towards healthier and more authentic. Starbucks generally does an OK job of meeting that demand, but in this day and age, consumers have a shorter attention span,â he says says. âJoe has a very energetic crew, and youâre only as good as your crew is.â Basse is eager to expand his American presence beyond the 22 stores Joe has in New York, Los Angeles, Miami and San Francisco. He also wants to figure out a way to make the culture more accessible to women, he says. âYou canât build a community across the globe without women.â Correction: The story has been corrected to reflect the number of Joe and the Juice locations. They have 212 stores, not 190.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.