Danish Povlsen family Bestseller in UK Asos Top Shop deal Anders Holch Povlsen, the second-generation Danish online retail billionaire, is behind the £295 million ($403 million) acquisition for UK high street names Topshop, Topman and Miss Selfridge. Povlsen (pictured), 48, is the chief executive of Bestseller, the $3.8 billion family-owned fashion company of more than 20 brands including Jack & Jones, Only & Sons and Vera Moda. Bestseller is also the majority shareholder at 26% of Asos, the UK’s largest $1.3 billion online retailer, for “fashion-loving 20-somethings around the world.” Asos completed this week its buy-out of the three UK brands and activewear collection HIIT, plus £30 million ($41 million) worth of stock, from Sir Philip Green’s collapsed Arcadia group. The e-tailer pledged to develop its new additions using its design, marketing, technology and logistics expertise. However, Asos was investing in clicks, not bricks. The flagship Top Shop store on Lond