World’s biggest fur auction house closing down following mink decimation

Kopenhagen Fur to gradually downsize operations and eventually close down in the coming two to three years

The world’s largest fur auction house, Kopenhagen Fur, has announced that it will shut down following the government, perhaps illicitly, ordering Denmark’s entire mink population culled over coronavirus mutations fears.

The news means that 300 people will lose their jobs, according to CEO Jesper Lauge.

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,” said Lauge.

READ ALSO: Danish mink farmers stand to lose billions

End of an era
Until then, the auction house plans to continue operations in 2021 and through to 2022, when it expects to get rid of its remaining products in storage.

Kopenhagen Fur was founded back in 1930 and is owned by the members of the Danish Fur Breeders Association.

According to the government, there are 1,139 mink fur breeders in Denmark and there has been coronavirus cases in 207 of them.