Early Life
Anders Holch Povlsen was born on November 4, 1972, in Mikladalur, Faroe Islands, to Troels Holch Povlsen and Merete Bech Povlsen. His family established their first clothing store in Brande, Denmark, in 1975, laying the foundation for what would become a global fashion empire. From a young age, Anders was exposed to the world of business, developing an interest in the family enterprise, and visiting factories to learn the operations firsthand.
Rise to Success
Anders Holch Povlsen took over his family's fashion retail business, Bestseller, at the young age of 28. Under his leadership, Bestseller experienced significant international growth. The company sells apparel and accessories under brands such as Vero Moda, Jack & Jones, and Name It. His strategic investments in online fashion retailers like ASOS and Zalando have also contributed to his success. As of 2025, Bestseller operates in 47 countries with over 3,100 stores.
Key Business Strategies
Povlsen's business strategies have focused on expanding Bestseller's global presence and diversifying its brand portfolio. He has made strategic investments in the digital retail space, including significant stakes in ASOS and Zalando. His focus on sustainability is also an important factor. He is the largest private landowner in the UK. He has shown dedication to rewilding projects in Scotland, further reflecting his commitment to long-term value creation and sustainable practices.
Philanthropy
Anders Holch Povlsen is involved in philanthropic efforts through the Bestseller Foundation. This foundation supports sustainable development, poverty alleviation, and entrepreneurship in various regions, including China, Africa, and India. Through his company Wildland Ltd., Povlsen is dedicated to rewilding and restoring natural habitats.