Anders Holch Povlsen Explained

Anders Holch Povlsen
Birth Date:4 November 1972
Birth Place:Mikladalur, Faroe Islands
Nationality:Danish
Alma Mater:Anglia Ruskin University
Occupation:Owner of Bestseller
Known For:Largest individual private landowner in the UK
Spouse:Anne Storm-Pedersen
Parents:Troels Holch Povlsen
Merete Bech Povlsen
Children:7 (4 living)

Anders Holch Povlsen (born 4 November 1972)[1] is a Danish billionaire, CEO and sole owner of the international retail clothing chain Bestseller (which includes Vero Moda and Jack & Jones), a company founded by his parents. He is the largest shareholder in the British internet fashion retailer ASOS and second-largest in German internet clothing retailer Zalando. He is also the largest individual private landowner in the UK.

As of September 2022, Povlsen was listed as the richest Dane with a net worth estimated at US$11.3 billion.[2]

Early life

Anders Holch Povlsen was born in 1972 to Troels Holch Povlsen and Merete Bech Povlsen.[2] The family's first clothing store opened in 1975 in the small Danish town of Brande, with a population of 7,000.[3]

Other outlets soon followed. Povlsen was only 28 when his father made him the sole owner of Bestseller.[3] The family also has an interest, along with two Danish partners, in Bestseller Fashion Group China, a company that designs its own collections for 5,000 stores in China.

Povlsen has a BA degree from Anglia Ruskin University, and his alma mater gave him an honorary doctorate in 2015.[4]

Career

In 2013, Povlsen bought a 10% stake in the German internet clothing retailer Zalando, becoming its third largest shareholder. Povlsen already had a 27% stake in ASOS.com, the largest UK internet-only fashion retailer.[5]

In October 2019, Povlsen's net worth was estimated as US$8.0 billion, making him the wealthiest person in Scotland.[2] [6]

As a landowner

Scotland

In 2018/2019 it was reported that Povlsen owns 221000acres of land in Scotland, making him its largest landowner.[7] [8] This has risen from a 2012 level of 120000acres, when he had bought two further large estates, the 24,000-acre Ben Loyal, and 18,000-acre Kinloch Lodge, both in Sutherland, in addition to a 47,000-acre estate he bought in Inverness-shire in 2006 and a 30,000-acre estate near Fort William that he bought in 2008.[9]

In 2013, it was reported that Povlsen had bought the 20000acres Gaick Estate in Inverness-shire earlier that year, bringing his total to 150000acres, second only to the Buccleuch Estates as Scotland's largest private landowner. In addition, Povlsen had bought land in the Borders specifically to trade it with the Forestry Commission, in return for 1000acres of woodland to add to his 43000acres Glenfeshie Estate, south of Aviemore. Povlsen bought Glenfeshie in 2006, and expanded it by buying the 4000acres neighbouring farm of Killiehuntly.[10]

In 2014, he bought Aldourie Castle on the banks of Loch Ness for £15 million.[11] He also bought the Eriboll estate in Sutherland.[12] In 2017, Povlsen bought the Jenners building on Princes Street in Edinburgh, reportedly for £53 million. He announced plans to renovate the building, including a hotel and rooftop restaurant.[13]

He plans to combine his adjoining estates and re-wild them.[14] Aggressive techniques to facilitate tree growth were adopted after 2004[15] and into the 2020s[16] in Glenfeshie within the Cairngorms National Park.

Denmark

In Denmark, Povlsen owns and resides at the old Constantinsborg Estate west of Aarhus, along with substantial farmland and forests.[17]

Romania

Povlsen has bought land in Romania's Carpathian Mountains to create a wilderness reserve for the surviving wolves, bears and lynx.[10] [18]

Personal life

Povlsen is married to Anne Holch Povlsen (formerly Anne Storm-Pedersen[19]), and the couple had four children: Alma, Agnes, Astrid and Alfred.[20] Alma, Agnes and Alfred were killed at the Shangri-La Colombo hotel during the 2019 Sri Lanka Easter bombings,[21] when the family was on holiday there.[22] [23] [24] They had twin girls less than a year later on 11 March 2020,[25] and another son on 29 September 2021.[26]

Notes and References

  1. Web site: Meet Anders Holch Povlsen: The Richest Man in Denmark . Allen . Lee . 1 October 2019 . Money Inc . 22 October 2023.
  2. Web site: Forbes profile: Anders Holch Povlsen . Forbes . 22 September 2022.
  3. Luisa Kroll, Meet Denmark's Newest, Youngest Fashion Billionaire, Forbes, 13 December 2012. Retrieved 22 April 2019.
  4. Web site: Anders Holch Povlsen - ARU . 2022-10-14 . aru.ac.uk . en.
  5. News: Cruz. Julie. Billionaire Holch Povlsen Adds Zalando to Fashion Portfolio. 12 January 2015. Bloomberg. 13 August 2013.
  6. Web site: 2020-09-17. Scotland's wealthiest man praised for repaying furlough funds. 2020-09-23. Strathspey Herald. en.
  7. McCann, David (8 October 2018). "Dane of the Highlands is UK’s biggest landowner". The Times. Retrieved 22 April 2019.
  8. News: Report calls for reform of 'unhealthy' land ownership in Scotland . Carrell . Severin . 20 March 2019 . . 22 April 2019.
  9. News: Middleton. Christopher. The new viking invasion. https://web.archive.org/web/20120515024204/http://www.telegraph.co.uk/property/investmentinproperty/9263685/The-new-viking-invasion.html. dead. 15 May 2012. 12 January 2015. The Daily Telegraph. 13 May 2012.
  10. News: Ross. David. Questions raised over land swap deal with billionaire. 12 January 2015. The Herald. 5 June 2013.
  11. News: Macaskill . Mark . Fairytale castle on Ness for Povlsen . 1 May 2019 . The Times . 15 June 2014.
  12. Web site: This Danish businessman is now the largest landowner in Scotland. www.scotsman.com. 1 May 2019.
  13. Web site: Jenners could quit Princes Street after 181 years . BBC News . 18 December 2020 . 26 November 2019.
  14. News: Danish billionaires plan to rewild large swath of Scottish Highlands. Carrell, Severin. 21 March 2019. The Guardian. 21 March 2019. en-GB. 0261-3077.
  15. Web site: 2020-02-25. Glenfeshie: How zero tolerance brought back the trees. Richard Baynes.
  16. Web site: 2020-02-25. In Defence of Speciesism. George Monbiot. George Monbiot.
  17. News: Lønstrup. Dorthe. Pressesky tøj-arving med sans for nethandel og skotske jagtmarker. Danish. Politiken. 16 June 2014. 26 January 2015.
  18. News: Shukman. Harry. Meet the philanthropist tycoons making wild investment choices. The Times. en. 2021-01-11. 0140-0460.
  19. News: Anne Storm Pedersen, the monarch of the glens. White. Lesley. 19 May 2018. The Times. 21 March 2019. 0140-0460.
  20. News: Danmarks rigeste mands børn dræbt i bombemassakre. Ehrenskjöld. Ehrenskjöld. 22 April 2019. Ekstra Bladet. 25 April 2019. Mikkelsen. Lasse.
  21. Web site: Jarvis. Jacob. May 4, 2019. Funeral held for three children killed in Sri Lanka bomb attacks. January 30, 2022. Evening Standard.
  22. News: VIDEO Præst læser besked fra Holch Povlsen-familien til fakkeltog: Tabet er ubegribeligt. Gram. Kasper Duncan. 26 April 2019. DR. 26 April 2019. Danish. VIDEO Priest reads message from the Holch Povlsen family at torchlight procession: The loss is inconceivable. The loss of our beloved children, Alma, Agnes and Alfred is totally inconceivable..
  23. News: Three children of Asos billionaire killed in Sri Lanka attacks. Goodley. Simon. 2019-04-22. The Guardian. 2019-04-22. en-GB. 0261-3077.
  24. Web site: Danish retail billionaire loses 3 children in Sri Lanka attacks. Kottasová. Ivana. Bashir. Nada. CNN. 22 April 2019. 2019-04-22.
  25. Web site: DEJLIG NYHED: Bestseller-par har fået tvillinger. 2020-03-11. BILLED-BLADET. da. 2020-03-11.
  26. Web site: Eilertsen. Henriette. 7 October 2021. Foreldre igjen etter tragedien. Parents again after the tragedy. Dagbladet. no.