In this success post, we are going to share the story of Anders Holch Povlsen, a Danish billionaire. Because he is the CEO and sole owner of the International clothes retailer chain Bestseller. Bestseller includes Jack & Jones and Vero Moda.
The company was founded by his parents. He is also the largest shareholder in the British Internet clothes retailer Asos.com. And the second largest in the German internet clothes retailer Zalando. He is the largest individual private landowner in the UK and Scotland’s largest private landowner.
Anders Holch Povlsen Personal Life
The family was based in Ringkobing, Denmark, which is where they founded the company. Anders Holch Povlsen took over his father’s business at the age of 28 and eventually became its sole owner and CEO. Today, with retail giants Bestseller and Zalando, he has become one of the youngest and most successful billionaires not only in Denmark but all across the globe.
Anders Holch Povlsen Business Activities
Under his leadership, Bestseller became a fashion player in Denmark worth $4 billion. The company is dedicated to selling clothes and accessories form men, women, children, and teenagers. It is operational across 45 markets in Asia, Europe, Middle East, and Canada. The company products are marketed under ten different brand names, which include the Name It, Vera Moda, and Mamalicious.
He employs more than 12000 men and women across the globe, 30% of whom are based out of Denmark alone. Even after he has completely taken over his parent’s enterprise, they are still involved in its business operations, with Troels sitting on the board and Merete as the chairman. Although Anders gained complete ownership of the company in the year 2012, the company website says that is a family-owned business.
Anders is the eldest of the two sons to their parents and is the 100% stake owner of the company. But he gives uttermost importance to himself and his family privacy and does not reveal any internal matters easily. Along with the Bestseller, he also has an interest in two Danish partners of China, the Bestseller Fashion Group of China, an independent enterprise dedicated to designing its own products for around 5000 stores across China.
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