Fotex

Fotex

Part of the Salling group, a platform for your convenience: where you can find every grocery you want.

HQ location
Aarhus, Denmark
Website
Launch date
Enterprise value
$3—4m
Company register number
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DateInvestorsAmountRound
-investor

€0.0

round

DKK5.0m

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20202021202220232024
Revenues00000000000000000000
% growth-21 %14916 %--
EBITDA00000000000000000000
Profit00000000000000000000
% profit margin506 %438 %1 %--
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Company filings or news article

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More about Fotex
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In 1960, a new retail concept arrived in Denmark. Herman Salling, a merchant from Aarhus, had a vision for a different kind of store. He envisioned a place where Danes could buy both food and textiles under one roof, a novel idea at the time. He named it Føtex, a portmanteau of the Danish words for 'food' and 'textiles'. The first store opened on Guldsmedgade in Aarhus, introducing the supermarket concept to the country. The timing was perfect. Denmark was experiencing post-war prosperity, and consumers were ready for a more convenient, self-service shopping experience. Salling's model was an immediate success, offering a wider selection of goods than traditional specialty shops. This success caught the attention of A.P. Møller, the founder of the Maersk group. In 1964, Salling and A.P. Møller entered into a partnership, forming the Jysk Supermarked A/S, which would later be renamed Dansk Supermarked A/S. This partnership was the major turning point. With the financial backing and strategic insight of one of Denmark's most powerful business figures, Føtex had the capital to expand rapidly. It became a cornerstone of what would grow into Salling Group, Denmark's largest retailer. The acquisition and integration into this larger group secured Føtex's future and cemented its place in the Danish retail landscape. Today, Føtex stands as a testament to Salling's original, simple idea: to make shopping easier by putting everything customers needed in one place.

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