Kopenhagen Fur, the world’s largest fur auction, is facing closure in the next 2-3 years. This announcement follows the Danish government’s decision to cull all mink in Denmark. The closure of Kopenhagen Fur signifies a significant shift in the global fur market and will have far-reaching implications for the industry.

According to a statement released by Kopenhagen Fur, the final fur auctions will take place in 2021, 2022, and potentially 2023. The CEO of Kopenhagen Fur, Jesper Lauge, expressed his disappointment at the loss of Danish mink production, as it has led to the decline of the company’s ownership base.

In response to these circumstances, the management of Kopenhagen Fur has decided to gradually downsize and eventually close down over the next few years. This controlled shutdown aims to minimize the impact on the fur industry and ensure a smooth transition for employees and stakeholders.

The closure of Kopenhagen Fur is indicative of the changing attitudes towards fur in the fashion industry. In recent years, there has been a growing demand for ethical and sustainable fashion, with many brands and consumers opting to avoid fur products. This shift in consumer preferences, along with increased scrutiny from animal rights organizations, has contributed to a decline in fur demand.

The Danish government’s decision to cull all mink in Denmark was motivated by concerns about a mutated variant of the coronavirus detected in mink farms. Mink were considered a potential reservoir for the virus, posing a threat to both animal and human health. This decision has not only resulted in the closure of Kopenhagen Fur but has also had devastating consequences for thousands of mink farmers in Denmark.

The closure of Kopenhagen Fur will undoubtedly have a significant impact on the global fur industry. Being the largest fur auctioneer worldwide, its absence will leave a void in the market. Many fur farmers and businesses heavily relied on Kopenhagen Fur for selling their products, and they will now have to seek alternative avenues for their goods.

This closure serves as a stark reminder of the challenges faced by the fur industry in today’s world. With growing concerns regarding animal welfare, sustainability, and changing consumer preferences, the future of the fur industry remains uncertain. It will be intriguing to observe how the industry adapts and evolves in response to these shifting dynamics.

For more information on the closure of Kopenhagen Fur and its impact on the fur industry, you may refer to the following relevant sources:
1. Business of Fashion: Kopenhagen Fur to Close by 2023
2. Fur Commission USA: The Closing of Kopenhagen Fur