In 1927, M. Thomsen's widow sold Randers Handskefabrik to the banker Ejnar Vejrum. It was the beginning of a new era.
After several years in Paris, Ejnar Vejrum (1900-1987) returned home to Denmark. With the Danish bank, Landmandsbanken's impending bankruptcy, there was a crisis in the banking sector and no work to be had. A former colleague, therefore, suggested Ejnar buy Randers Handskefabrik, which had just been put up for sale after Marinus Thomsen's death. As a 27-year-old, Ejnar Vejrum became factory owner and heir to a company steeped in tradition with 116 years of history behind it, even though he had no knowledge of either the craft or the industry.
SETTLEMENT & DEVELOPMENT
When Vejrum took over Randers Handskefabrik, the tannery was closed and the company employed only 10 employees. Most of the stores had been sold, and only one sole dealer in Copenhagen and the glove factory's own store at Torvegade 12 remained.
Banking graduate Ejnar Vejrum bought the glove factory at the right time. 1927 and the following years came to mark the peak of the economy in the 1920s, and when the great economic collapse hit the world economy in 1929, it did not hit Randers Handskefabrik to any significant extent. Vejrum and his wife, Linea Vejrum, put all their time into working at the factory, and within a few years, Randers Handskefabrik was again functioning well and making a profit.
GLOVE MAKERS IN APOTEKERSTRÆDE
After Thomsen's bankruptcy in 1927, Ejnar Vejrum briefly moved glove production to Apotekerstræde, until Vejrum had built up enough capital to invest in the buildings at Vestergrave 18 in 1931, where the glove factory was located until 2020.
RHANDERS IN HISTORY
The 1920s were characterized by the great debt and instability that World War I had caused. The belief in economic recovery after the war led many businessmen to enter into bold business ventures but would experience that the economic recovery took time.
Landmandsbanken, the largest bank in the Nordics, had financed several businesses of this type and was therefore close to bankruptcy in 1922. The Danish state had to artificially keep the bank alive through the transfer of considerable sums, while smaller banks were allowed to go bankrupt.