Troels Holch Povlsen

Last updated
Troels Holch Povlsen
Born (1949-09-09) 9 September 1949 (age 72)
Risskov, Aarhus, Denmark
NationalityDanish
OccupationFounder, Bestseller
Spouse(s) Merete Bech Povlsen
Children4, including Anders Holch Povlsen

Troels Holch Povlsen (born 9 September 1949) is a Danish businessman, founder of the fashion chain Bestseller.

Contents

Early life

Troels Holch Povlsen was born on 9 September 1949 in Risskov, Aarhus. [1] His father was a regional head of social services (socialinspektør). [2]

Career

Povlsen and his wife Merete Bech Povlsen co-founded Bestseller in Ringkøbing, Denmark, in 1975. [3] [4] In 2002, he co-founded furniture store HAY with Mette and Rolf Hay. [5]

His son Anders Holch Povlsen inherited his parents' business, Bestseller, when he was 28 years old. [4] He eventually became its CEO and sole owner. [4] According to Forbes , Anders Holch Povlsen has a net worth of $4.6 billion, as of January 2015. [3]

Povlsen is a director of Bestseller. [6]

The Povlsen family interests are managed by the company Nine United, which has its headquarters in Horsens, Denmark. [7]

Property

Gyllingnaes, 2009 Gyllingnaes.jpg
Gyllingnæs, 2009

He owns Lindencrone Mansion, a large historic building in central Copenhagen, which was the British embassy from 1898 to 1980. In 1995, he bought Gyllingnæs Manor in Odder, south of Aarhus, a large estate established by an Englishman John Smith in 1801. [8]

In London, he owns 16 Queen Anne's Gate since 2006, as well as no. 34. [9] No. 16 is a Grade I listed house that was the former home of John Fisher, 1st Baron Fisher, and of William Smith where there are commemorative blue plaques in both names. The restoration of the house won a Georgian Group award. [10]

Honours

In 2000, Povlsen was appointed a Knight of the Order of the Dannebrog. [2]

Personal life

Povlsen and his wife Merete Bech Povlsen live in Denmark. [3] They have two sons Anders and Niels, both of whom work for the family company. [2]

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References

  1. "Den diskrete milliardær". vafo.dk. 5 September 2009. Retrieved 24 April 2019.
  2. 1 2 3 Kjær Andersen, Brian (8 September 2009). "Bestseller-direktør runder 60 år". AOH. Retrieved 28 January 2015.
  3. 1 2 3 "Anders Holch Povlsen". Forbes. Retrieved 12 January 2015.
  4. 1 2 3 Luisa Kroll, Meet Denmark's Newest, Youngest Fashion Billionaire, Forbes, December 13, 2012
  5. Rachlin, Natalia (15 June 2016). "A Day in the Life of Mette & Rolf Hay". Wall Street Journal. Retrieved 1 May 2022.
  6. "Troels Holch Povlsen". BusinessWeek. Retrieved 12 January 2015.
  7. "Contact". Nineunited. Retrieved 28 January 2015.
  8. "Gyllingnæs manor". Visitodder.com. Retrieved 12 January 2015.
  9. "Nine United Properties UK". NineUnited.
  10. "Large 18th century London town houses: 16 Queen Anne's Gate". Visitinghousesandgardens. Retrieved 12 January 2015.