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Billion-Dollar Gain: Unknown Brothers Gilded by Shoes

Summary by Ekstra Bladet
Brothers Henrik and Michael Grundtvig have earned 1.6 billion kronor from the sale of Imbox Protection, which impregnates shoes, latest accounts show

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Center

Brothers Henrik and Michael Grundtvig have earned 1.6 billion kronor from the sale of Imbox Protection, which impregnates shoes, latest accounts show

·Copenhagen, Denmark
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Lean Right

It has been kept secret what private equity fund Altor paid for Danish shoe giant Imbox Protection. Now new financial statements are shedding some light on the matter.

·Aarhus, Denmark
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When private equity fund Altor bought shoe giant Imbox Protection last year, the parties did not want to say what the company had been sold for. However, several sources indicated that the valuation exceeded DKK 1 billion, and this is now confirmed by new accounts from the company of the former main owners.

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Bias Distribution

  • 50% of the sources are Center, 50% of the sources lean Right
50% Right

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Jyllands-Posten broke the news in Aarhus, Denmark on Friday, October 16, 2026.
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