Harald Nyborg owner losing millions on spring water and furniture

Bottling company and furniture concern remain financial albatrosses for Kurt Daell

Kurt Daell, the 75-year-old billionaire owner of Harald Nyborg and Jem & Fix, is not doing so well with some of his other investments – particularly the spring water company Danish Bottling Company, which remains an economic nightmare for the wealthy businessman.

The spring water company has lost 130 million kroner since Daell and his son Erling became major shareholders in 2007. Last year’s debt was 13 million kroner, forcing father and son to give the business a cash infusion.

Things are no better at Daells Bolighus, which lost a record 23.6 million kroner last year, forcing the owners to pump 40 million kroner into the ailing furniture concern.

Not beat yet
Overall, Kurt Daell and his son have lost over a quarter of a billion kroner on their spring water and furniture businesses over the past eight years.

Harald Nyborg Group managing director Arne Gerlyng-Hansen said that despite the losses, the company has not lost interest in Danish Bottling Company or Daells Bolighus.

“We are not at the end of the road yet,” he told Jyllands-Posten. “There are still things to do.”

TOP STORIES

  • Copenhagen revisited through memoir poetry

    Copenhagen revisited through memoir poetry

    Not all students feel like reading Danish poetry after a meeting at a language school with writer and poet Henrik Palle. Yet, a portrayal of Copenhagen as the city once was and the impressions of what the city is today give a deeper impression of the Danes

  • “No one seems to stand up for internationals”

    “No one seems to stand up for internationals”

    “To some extent, Denmark is not fair to internationals.” Nichlas Walsted, 34 years old, is the CEO of Swap Language, a provider of Danish lessons to more than 10,000 internationals. Tens of thousands of people follow him, and he advocates for internationals: “Because no one else does. I can’t think of a single politician or well-known person in Denmark who stands up for them,” he says.

  • Busy Copenhagen Airport nets a nice profit for the Danish State

    Busy Copenhagen Airport nets a nice profit for the Danish State

    Almost 30 million passengers travelled to or from Copenhagen Airport in 2024. The profit was 1.4 billion DKK and both figures are expected to grow in 2025. Expansions continue, and investments are being made in continued progress

  • Copenhagen ranked 4th for career growth

    Copenhagen ranked 4th for career growth

    Copenhagen is ranked as the fourth-best city in the world for career growth, according to an analysis by EnjoyTravel. This ranking considers various factors such as living costs, salary levels, workforce availability, and overall quality of life. Copenhagen is noted for its blend of historical and modern elements, particularly in the green energy sector, which influences job opportunities.

  • Greenland moves to the right

    Greenland moves to the right

    A very surprising election gives victory to the right-wing opposition party Demokraatit. The incumbent center-left coalition loses spectacularly. Greenland – and Denmark – anxiously await upcoming government negotiations

  • Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Raise the voice of internationals. Take the survey and share your experience in Denmark.

    Copenhagen Capacity has launched a survey for all internationals living in Denmark to find out if they are happy here and what challenges they face. The Copenhagen Post is the media partner for this initiative. You can find the survey below in the article.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • Copenhagen ranked 4th for career growth

    Copenhagen ranked 4th for career growth

    Copenhagen is ranked as the fourth-best city in the world for career growth, according to an analysis by EnjoyTravel. This ranking considers various factors such as living costs, salary levels, workforce availability, and overall quality of life. Copenhagen is noted for its blend of historical and modern elements, particularly in the green energy sector, which influences job opportunities.

  • Data shows that non-Western immigrants have saved local economies in Denmark

    Data shows that non-Western immigrants have saved local economies in Denmark

    A study reveals how only the massive influx of non-Western immigrants has saved many areas in Denmark from a decline in the workforce and a consequently shrinking economy

  • Long-term unemployment is double for non-Western immigrants

    Long-term unemployment is double for non-Western immigrants

    An analysis from the Labour Movement’s Business Council shows that the rate in long-term unemployment for non-Western immigrants is 1.8 times higher than for Danes. In other words, a chronic unemployment situation is way more probable for non-Western internationals.

Want to advertise your job with CPH Post?

Contact us

Jobs