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Reuters
Published
Nov 16, 2020
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World's largest fur auction, Kopenhagen Fur, will close

By
Reuters
Published
Nov 16, 2020

Denmark’s Kopenhagen Fur will close in 2-3 years, caused by the Danish government’s decision last week to cull all mink in Denmark, the fur auctioneer said Thursday.


Image - Kopenhagen Fur



Kopenhagen Fur, the world’s largest fur auctioneer, will hold final fur auctions in 2021, 2022 and possibly 2023, the company said in a statement Thursday.

Jesper Lauge, CEO at Kopenhagen Fur, said: "Unfortunately, the loss of the Danish mink production means that the ownership base disappears and therefore, the company's management has decided to gradually downsize the company and make a controlled shutdown over a period of 2-3 years.

"Even the strongest community cannot survive the consequences of the decisions that have now been made," he added.

 

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