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Birmingham Post
Birmingham Post
Business
Hannah Finch

More about the billionaire behind the Asos retail giant

Danish businessman Anders Povlsen is the majority shareholder in online retailer Asos.com.

He is reportedly worth £4.5bn thanks to his Bestseller clothes retail empire of about 2,600 branded chain stores, 15,000 multi-brand and in department stores across Europe, The Middle East, North America, Latin America, Australia and India.

These include brands well known in Europe including Jack & Jones, Mamalicious, Vero Moda, Vila Clothes and Y.A.S.

The retail magnate and his wife Anne were hit by tragedy in 2019, with the loss of three of their four children - Alfred, five, Agnes, 12, and Alma, 15 - in the Sri Lankan bombings.

The couple last year welcomed twin girls into their family.

The publicity-shy couple have become the biggest landowners in the Scottish Highlands after first buying the 42,000-acre Glenfeshie estate in the Cairngorms for £8million in 2006.

Anders' love affair with the area started on a fly fishing trip as a boy.

The 48-year-old billionaire has continued to snap up huge swathes of the Scottish countryside - owning about 220,000 acres across 12 estates.

The couple, through their company Wildland, want to become pioneers of rewilding by reversing years of mismanagement by previous lairds.

Alongside online retailers, Asos.com has seen lockdown sales soar. In the year to September 2020, Asos posted revenue of £3.26 billion and pre-tax profit of £142.1 million, an increase of 300 per cent.

In January, it announced plans to invest £90 million into a new distribution hub in the West Midlands which will create up to 2,000 jobs.

Asos said today the centre would become operational within 12 months and would reach peak trade in 2023.

Asos.com has begin exclusive talks to buy Sir Philip Green’s Arcadia out of administration, including its Topshop, Topman, and Miss Selfridge brands.

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