In 1870 the company opened a shop in Copenhagen in rented space in the fashionable Hotel du Nord on Kongens Nytorv where Hans Christian Andersen had boarded from 1838 until 1847.

The company was listed on the Copenhagen Stock Exchange in 1952 and the strategy was changed to having fewer, large department stores.

To reduce its debts after a period with economic difficulties, the company chose to part with its buildings at Kongens Nytorv, in Lyngby and in Aalborg in a sale and lease back scheme.

Baugur's bankruptcy in 2009 ceded Magasin du Nord to Straumur Investment Bank which subsequently entered into a joint venture with Pakistani businessman Alshair Fiyaz under the name Solstra Holding, which bought back what had previously been sold.

In December 2010, he sold the properties in Lyngby, Aarhus and Odense to ATP and PensionDanmark for an estimated price of DKK 1.5 billion, keeping only the flagship building at Kongens Nytorv.

In September 2020, financially troubled Debenhams put its seven store Danish chain, Magasin du Nord, up for sale.

Magasin du Nord has three more stores in the Copenhagen area, located in the Field's shopping centre in Ørestad and in the suburbs of Lyngby and Rødovre.