As part of Lars Larsen Group’s continued development and growth, and to highlight the importance that JYSK naturally holds within the group, adjustments has been made to the way the group is presented.
As of the new financial year FY26, starting on 1 September 2025, the Group’s overall structure will be reorganised to consist of JYSK and Investments. This means that all subsidiaries, with the exception of JYSK, will be part of Investments going forward.
As a natural consequence of this change, Lars Larsen Group Retail will cease operations at the end of August 2025.
Lars Larsen Group Retail was introduced in 2022 under the leadership of former President and CEO of JYSK, Jan Bøgh, with the purpose of developing the Group’s retail companies and strengthening the synergies across the companies with respecting for their differences.
Jan Bøgh will continue as Chairman of the Board of JYSK, BOLIA, and SofaCompany, and as Member of the Board of ILVA, ScanCom International, and SENG. At the same time, Chairman of the Board of Lars Larsen Group, Jacob Brunsborg, and President & CEO of Lars Larsen Group, Jesper Lund, will be joining the board of JYSK.
“We are pleased that Jan Bøgh has agreed to let us retain his expertise within the Group. We would also like to take this opportunity to thank everyone in Lars Larsen Group Retail for their efforts and achievements, including the synergies that have been created across the subsidiaries,” says Jesper Lund.
Vice President of Lars Larsen Group Retail, Peter Andsager, will continue to be part of Lars Larsen Group, and he will become Chairman of the Board of ScanCom International, SENG, and ILVA, and Member of the Board of JYSK, BOLIA, and SofaCompany.
The adjusted strategic direction also reflects Lars Larsen Group’s expectations of growth in the investment area in the coming years which will increase its contribution to the Group’s earnings. Investments are expected to deliver attractive returns through long-term and responsible investments, carried out in collaboration with strong partners.
As an example hereof, Lars Larsen Group acquired part-ownership of the asset manager IIP Denmark, founded and owned by PKA, with a multi-billion DKK investment earlier this year. And just last week, a partnership with Dalgas to invest DKK 500 million in forestry in the Baltics was announced.
“We are confident that our adjusted strategic direction will contribute to the continued strong development of the Group, and we look forward to ongoing collaboration with everyone within and across the Group, with a strong focus on the active and long-term family ownership in Lars Larsen Group,” says Jesper Lund.
