The man behind the world's leading fashion brand Asos: His life was shaken by a tragedy...
His full name is Anders Holch Povlsen, born in 1972. He is the sole owner of Bestseller, a company founded by his father. He is the largest shareholder in British online fashion retailer ASOS and the second largest shareholder in German online clothing retailer Zalando.
The Danish businessman is one of the richest people in the world, according to Forbes.
Povlsen is the man behind Asos, the internet's largest apparel store. It is also Scotland's largest property owner and owns 200,000 acres of Highlands. It was 1975 when Povlsen's father entered the retail business with a small town shop in Denmark. The small store grew quickly, becoming a giant called Bestseller. Anders Povlsen was only 27 years old when he became the sole owner of the Bestseller inherited from his father. By 2007, the Bestseller was so successful that supermodel Gisele Bundchen was hired to promote it. After just five years, Povlsen had amassed enough wealth to become Asos' largest shareholder. As of 2019, Povlsen's fortune, which owns 25% of Asos, is equivalent to 866 million pounds in 2019.
Heartbreaking story behind Asos boss Anders Holch Povlsen (April 2019)
Three of the four children of Danish businessman Anders Holch Povlsen died in the bomb attacks in Sri Lanka.
The family reportedly visited Sri Lanka during the Easter holiday. The vast majority of those who died are believed to be Sri Lankans who participated in Easter rites.
February 01, 2021: Topshop is his too
Britain's leading online apparel, fashion retailer Asos has acquired Arcadia Group's Topshop, Topman, Miss Selfridge and HIIT brands for £265 million. Asos, which receives all in cash, does not include Arcadia's stores.
ARCADIA HAS MILLIONS OF Pounds of Debt
The jobs of more than 13,000 employees were also at risk due to the huge debts of Arcadia, which is owned by Sir Philip. Arcadia became one of the largest corporate firms to collapse with Covid-19.
"WE ARE PROUD"
Asos CEO Nick Beighton said, “We are extremely proud to acquire the TopShop, Topman, Miss Selfridge and HIIT brands. The acquisition of these iconic brands is extremely exciting for Asos and our customers. This initiative will allow us to accelerate our strategies. With the coronavirus pandemic, we have been at the center of growth online. With our design, marketing, technology and logistics expertise, we will be one of the most important strategic retailers in the UK and the world.”
