Press release -
EOVENDO leaves Lars Larsen Group
The founders of cashback site EOVENDO, Martin Østergaard and Nicolas Ibenforth, have taken over the entire ownership of the company with effect from 1 June
Lars Larsen Group has been the primary owner of the company EOVENDO for a number of years, which enables consumers to claim cash back on a large number of purchases.
On 1 June 2020, Lars Larsen Group stepped down as owner of EOVENDO and instead divested ownership to Martin Østergaard and Nicolas Ibenforth, the original founders of the company.
"In connection with our review of the strategy for Lars Larsen Group, we have also looked at EOVENDO and assessed that the company does not fit into our plans for the future. While EOVENDO still has plenty of potential, the opportunities for realising this are greater outside Lars Larsen Group," says Jesper Lund, CEO of Lars Larsen Group.
Much to build on
In connection with Martin Østergaard and Nicolas Ibenforth taking back full ownership of the company, equity has been re-established and Nicolas Ibenforth sees good opportunities for EOVENDO in the future.
"It's clear that no longer having Lars Larsen Group behind EOVENDO will bring changes. We've undergone a turnaround process, where we have stripped things right down to the bone and looked carefully at how EOVENDO should be run in the future. It's crucial here that we still have some good contracts that we can build on, and we see great opportunities for EOVENDO in the future," says Nicolas Ibenforth.
For additional comments, please contact CEO Nicolas Ibenforth at: pr@eovendo.com
Topics
Lars Larsen Group is named after Lars Larsen, the founder of JYSK, and is the parent/holding
company for all companies in the group. Lars Larsen Group is, and will continue to be, a family-owned
company that operates on a basis of respect for the fundamental values. The success of
JYSK has formed the basis for Lars Larsen Group, which is active within a
range of business areas, including furniture, golf equipment, restaurants, hotels and a variety of others
activities.
