Anders Holch Povlsen: the quiet Dane who is a retail sector visionary
Denmark’s richest entrepreneur began building his fashion retail brands empire after taking over the Bestseller chain in his 20s
7 February 2021 • 11:31pm
Fashion mogul Anders Holch Povlsen, pictured with his wife Anne has an estimated net worth of £8bn
Credit: AFP
One of the few times Anders Holch Povlsen has spoken in public was when he accepted an honorary degree six years ago.
He does not seek the limelight. But despite his low profile, he is Denmark’s richest man, chief executive and owner of the Bestseller fashion chain. He is also the largest shareholder of Asos, the fast-fashion website, and Scotland’s largest private landowner. His estimated net worth is £8bn. So who is Anders Povlsen, one of the leading figures in business?
One of the UK’s historic department stores, Jenners in Edinburgh, is to close with a loss of 200 jobs.
The announcement was made after Frasers Group plc failed to reach an agreement with building owners Anders Polvsen to continue the lease on the building.
The House of Fraser department store is expected to cease trading on May 3.
The shop has been a landmark on Princes Street for the last 183 years, previously trading as an independent shop until it was acquired by House of Fraser in 2005.
A spokesman for Frasers said: “Despite the global pandemic, numerous lockdowns and the turbulence caused for British retail, the landlord hasn’t been able to work mutually on a fair agreement, therefore, resulting in the loss of 200 jobs and a vacant site for the foreseeable future with no immediate plans.
ONE of the UK’s historic department stores, Jenners in Edinburgh, is to close with a loss of 200 jobs. The announcement was made after Frasers Group plc failed to reach an agreement with building owners Anders Polvsen to continue the lease on the building. The House of Fraser department store is expected to cease trading on May 3. The shop has been a landmark on Princes Street for the last 183 years, previously trading as an independent shop until it was acquired by House of Fraser in 2005. A spokesman for Frasers said: “Despite the global pandemic, numerous lockdowns and the turbulence caused for British retail, the landlord hasn’t been able to work mutually on a fair agreement, therefore, resulting in the loss of 200 jobs and a vacant site for the foreseeable future with no immediate plans.