Larsen stepped down as chairman of the Lars Larsen Group in June
Danish billionaire Lars Larsen, founder of household goods chain Jysk, has died two months after stepping down as chairman of its parent company following a diagnosis of liver cancer. Jysk confirmed in a statement that Larsen died peacefully in his home in Silkeborg, western Denmark, on Monday, surrounded by his family. He was 71.
Larsen founded Jysk in 1979, and the chain, selling household goods, experienced rapid expansion almost immediately. It has since grown to more than 2,800 stores across 52 countries in Europe, the Middle East and Asia, and employs 23,000 people. Its most recent annual report shows the company made $4 billion (26 billion Danish krone) revenue in the year up to August 2018.
Larsen amassed a fortune of $4.4 billion, according to Forbes, through his Lars Larsen Group which, as well as Jysk, owns other furniture firms, golfing facilities, a sushi chain and hotels.
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