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?
Mike Ashley Frasers Group has sold its 25% stake stake in French Connection
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Spotlight Brands, behind fitness-focused Sweaty Betty, and Laura Ashley owners Gordon Brothers made one of the approaches
Proposals come same week that Asos announced its £330m Topshop takeover
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The Ibrox side detailed its legal spending to take on the billionaire in the kit row which has raged for more than two years.
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Mike Ashley s Frasers Group and fashion giant Next are among dozens of potential bidders for Sir Philip Green s collapsed Arcadia empire as a deadline approaches today.
Arcadia, which owns brands including Topshop, Burton and Miss Selfridge, collapsed last month. If the business is not bought out of administration, 13,000 jobs are at risk.
Administrators at Deloitte are thought to have received some 30 expressions of interest.
Interest: Mike Ashley s Frasers Group is in the running and other potential buyers include Boohoo and China s Shein
Rescue talks involving various potential bidders are thought to have continued over the weekend, with Next having emerged as the latest contender on Friday.
Takeovers of companies listed on the junior market have dominated London Stock Exchange deals recently.
In the year to September 2020, mergers and acquisitions involving smaller companies accounted for 56 per cent of the total up from 46 per cent in the previous 12 months.
There was also a strong rise in takeovers made by private equity groups, according to research by accountancy firm UHY Hacker Young.
M&As involving smaller companies accounted for 56% of the total up from 46% last year Private equity firms have excess cash to invest and are on the hunt for value wherever they can find it. Clearly they are seeing a lot of value in AIM companies that still remain off limits to many institutional investors, said Daniel Hutson, a partner at the chartered accountant.