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Topics: Business enterprise, General

“We are investing in the future. If we are to continue growing - which we intend to - it requires us to allocate resources to strengthen the business, both online and in the physical stores." CEO of ILVA, Kim Møller Mønster.

ILVA delivers growth in revenue and invests in the future

Today, Denmark's largest chain of home furnishing stores, ILVA, presents a turnover of DKK 1.42bn for the financial year 2023/24 in Denmark. This represents a 3 percent increase. Revenue also grew in the Swedish market with an increase of 8 percent, and on ILVA's web shop revenue growth exceeded 17 percent.

Letz Sushi hjælper størstedelen af sine medarbejdere i nyt job

Letz Sushi hjælper størstedelen af sine medarbejdere i nyt job

Siden Letz Sushi meldte beslutningen om en solvent lukning ud i februar 2024, har fokus været på at hjælpe så mange medarbejdere som muligt med nye jobmuligheder. Størstedelen har nu fået jobs i andre virksomheder og nogle har sågar startet egne restauranter op i tidligere Letz Sushi lokaler.

Letz Sushi closes down

Letz Sushi closes down

After nearly 20 years in the market, the owners of Letz Sushi plan to close down the restaurant chain.

As of 5 February 2024, Lars Larsen Group’s head office is located in Silkeborg

Lars Larsen Group moves its head office to Silkeborg

As of 5 February 2024, Lars Larsen Group’s head office is located in Silkeborg. In connection with the move, the family office changes its name from LLG A/S to Lars Larsen Group A/S.

"The list of challenges, which could potentially affect the business in 2022/23, is long, but with challenges comes the opportunity to make a difference.” - President and CEO of Lars Larsen Group, Jesper Lund.

Lars Larsen Group delivers record revenue and continues long-term investment strategy

With the results for the financial year 2022/23, Lars Larsen Group sets another revenue record in spite of continued global volatility and market uncertainty. The total revenue for the Group rose to DKK 45.4bn in 2022/23 – a three percent increase compared to the previous financial year, which also was a record year for the group.

”I am enthusiastic and proud of this opportunity to lead ILVA as CEO and I look forward to becoming a part of the well-known and well-liked brand." - Kim Møller Mønster

ILVA welcomes new CEO

Kim Møller Mønster will join ILVA as new CEO for the furniture chain headquartered in Sabro by Aarhus on 1 April 2024.

“We can all be very proud of our hard work and results for this financial year, and I want to thank our employees again for their commitment and dedication." - President and CEO of JYSK, Rami Jensen.

JYSK delivers strong financial results in challenging global market

For the financial year 2022/23 (FY23), JYSK reached an EBIT result of DKK 3.96 billion (EUR 531 million) and increased its turnover by 6.3% to DKK 38.5 billion (EUR 5.2 billion.) The global home furnishing retailer continued its expansion plans and welcomed over 1.2 million new customers to its stores despite the slowdown in the global retail market.

"We are maintaining our focus on rebuilding all our stores to fit the new SENG-concept, so we can get the customers back again.” - CEO of SENG, Hanne Bang Vorre.

SENG sustains ambitions of growth despite challenging market

The bed store chain SENG, which changed name from SengeSpecialisten in January 2023, closes the financial year 2022/23 with a turnover in Denmark of DKK 192.5m and an EBIT-result of DKK -5.7m. The company sustains its plans of expansion in Sweden in spite of the challenging market situation.

Bolia's total sales results for 2022/23 landed at 1.3 billion DKK, which is at the same high level as 2021/22, a record year for the company.

The design company Bolia holds market share and accelerates expansion

Bolia presents a total sales results for 2022/23 of 1.3 billion DKK, which is at the same high level as 2021/22, a record year for the company. However, after thirteen consecutive profitable years, the EBIT result for the year 2022/23 landed at -5.6 million DKK compared to 50 million DKK the previous year.

"We are humbled and happy to be able to support Knæk Cancer 2023 to help accelerate research opportunities and ensure that no one fights this disease alone.” - President and CEO of Lars Larsen Group, Jesper Lund.

JYSK and Lars Larsen Group donate DKK 1 mio. to the fight against cancer

For the 12th year in a row, the Danish Cancer Association hosts the national fundraising show “Knæk Cancer” (Beat Cancer). JYSK and Lars Larsen Group will donate DKK 1 mio. to the cause.
According to the Danish Cancer Association one in three Danes are diagnosed with cancer and every day, 43 people die from the disease. And although it is possible for more and more people to survive a cancer

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About Lars Larsen Group

Lars Larsen Group is owned by the Brunsborg family, descendants of JYSK founder Lars Larsen. The group owns companies within a number of business areas including furniture, interior design, and hospitality and is also an active investor in equities, funds, and real estate.

Lars Larsen Group

Randersvej 2C
8600 Silkeborg
DENMARK