Latest news with #AndersHolchPovlsen
Wales Online
6 days ago
- Business
- Wales Online
Major Topshop announcement on shock high street return
Major Topshop announcement on shock high street return There was a pop-up store last month which drew big queues of shoppers, and that sparked an idea Beloved fashion retailer, Topshop, will be coming back to the high street (Image: undefined via Getty Images ) After dipping its toe back into the world of physical retail with a pop-up event last month, Topshop is officially planning a more lasting return. The brand's managing director has confirmed that physical stores are back on the cards - with a permanent presence set to launch "at some point" in the future. This follows the success of Topshop's pop-up shop at Defected Records in East London, which drew long lines of shoppers keen to see Topshop's revival. After the fall of Sir Philip Green's Arcadia Group, ASOS acquired Topshop in 2021, along with Miss Selfridge, for a total of £330 million. This deal did not include the high street shops, leading customers to turn to ASOS's online platform to buy products from these brands, reports the Mirror. Subsequently, in September, 2024, ASOS offloaded a 75% share in Topshop and Topman to Heartland, owned by Danish billionaire Anders Holch Povlsen, for approximately £135 million, forming a joint venture. For money-saving tips, sign up to our Money newsletter here ASOS announced its intention to reintroduce the websites, and aiming for the sites to be operational by August this year. Article continues below In conversation with Drapers regarding the future of physical outlets, Topshop managing director Michelle Wilson said: "That's something that we're working on all the time." She elaborated that the initial phase would involve partner support, while later plans included opening standalone stores. Ms Wilson further disclosed that Topshop's resurgence would commence with wholesale partnerships starting this August, setting the stage for the eventual launch of independent stores. Article continues below She revealed: "We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up." While no dates are locked in just yet - or where these stores will be - it's a promising sign for fans hoping to see Topshop return to the high street.
Daily Mirror
6 days ago
- Business
- Daily Mirror
Topshop issues major update on whether it will open high street stores again
Topshop was snapped up in 2021 by ASOS, alongside Miss Selfridge, for a combined price of £330million, following the collapse of Sir Philip Green's Arcadia Group Topshop's managing director has issued an update on whether the fashion brand will finally open physical stores again in the future. It has been confirmed that the retailer will have a permanent store presence 'at some point' after hosting a pop-up event last month. The pop-up was held at Defected Records in east London and was met with queues of eager shoppers who were excited to see Topshop return. Topshop was snapped up in 2021 by ASOS, alongside Miss Selfridge, for a combined price of £330million, following the collapse of Sir Philip Green's Arcadia Group. The deal didn't include physical stores - instead, shoppers can now only purchase clothes from these retailers online via the ASOS website. Then in September 2024, Asos sold a 75% stake in Topshop and Topman for around £135million to create a joint venture with Heartland, the holding company of Danish billionaire Anders Holch Povlsen. At the time, ASOS confirmed plans to relaunch and with the websites expected to go live by August this year. Alongs Speaking to Drapers about future plans for physical stores, Topshop managing director Michelle Wilson said: 'That's something that we're working on all the time. 'In the shorter term that will be something with partner support and in the longer term we will do something standalone.' Ms Wilson added that the return of Topshop will begin through working with wholesale partnerships from this August, before relaunching standalone stores. She said: 'We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up.' It comes after Ikea took over the former Topshop store in Oxford Street last month. Ingka Investment, the investment arm of the retail group, bought the Grade II listed building at 214 Oxford Street after Arcadia fell into administration. Work started on the site in 2022, with original plans to open the location by autumn 2023, but the renovations were dogged by complications, including water leaks in the basement. The three-floor shopping space sells around 6,000 products, of which 3,500 can be carried away by customers immediately, and the rest ordered for home delivery, click and collect or collection off site Tolga Oncu, Ingka retail manager, said: 'Adding Oxford Street to the Ikea map is a special moment for us. 'This store, on one of the busiest and most well-known streets in the world, exemplifies our ambition to innovate our retail presence and bring Ikea to where our customers live, work, and socialise. 'Offering our well-designed and affordable products to more people in city centres across the globe remains our way forward.'
Scottish Sun
18-05-2025
- Business
- Scottish Sun
Richest man in Scotland launches new business venture after buying historic beauty spot pub
He also bought the Dores Inn near his luxury Aldourie Castle last year MONSTER DEAL Richest man in Scotland launches new business venture after buying historic beauty spot pub Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) HE may have seen his fortune increase by nearly £1bn, but Scotland's richest man is serving up a tasty new business venture on the banks of Loch Ness. And though it may be small scale by Anders Holch Povlsen's standards, it is literally a monster deal, especially for locals and visitors wanting to catch a glimpse of Nessie. Sign up for Scottish Sun newsletter Sign up 2 Anders Holch Povlsen and his wife Anne Holch Credit: AFP Mr Povlsen's company WildLand is set to launch a new pop-up culinary experience at the site of the Dores Inn – including ice cream, making it Lick Ness. Launching on Thursday, the Wild Food Truck will operate weekly from Thursday to Sunday, 12–6pm, offering handmade flatbreads, local produce, and refreshments that reflect the rich natural larder of the Highlands. Mr Povlsen last year, bought the Dores Inn near his luxury Aldourie Castle and is revamping the hostelry. The site is also home to legendary Loch Ness Monster hunter Steve Feltham, who holds the world record for looking for Nessie. The Dores Inn bar will also open on Friday and Saturday evenings from 5pm to midnight for drinks. Tim Kirkwood, CEO of WildLand, said:'While we progress with restoration plans for the Dores Inn, we want to offer something that keeps the vibrancy of the site alive and welcomes people back to enjoy its extraordinary location. 'The Wild Food Truck gives us the opportunity to serve nourishing, locally sourced food on the lochside, alongside Highland craft beers, organic wines and natural juices.' 'This pop-up is rooted in the same values we bring to all our work – celebrating Highland provenance, operating sustainably, and creating meaningful experiences that connect people with nature and place. We hope it becomes a welcome addition for both locals and visitors this summer.' WildLand's menu highlights include sourdough flatbreads topped with rare-breed Highland meats and seasonal vegetables, organic dairy ice cream, and a curated drinks list featuring Highland craft beers, organic wines, kombucha, and wild herbal infusions. Many ingredients are sourced from WildLand's own farms and estates, including Ribigill Farm in Sutherland, Ben Loyal and Glenfeshie estates, and Clune Farm overlooking Dores. Moment ASOS billionaire is caught speeding at 82mph & fined by cops in Highlands WildLand will continue engaging closely with local residents, as well as well-known businesses operating from the site like Loch Ness Rib Rides and Nessie hunter Mr Feltham, as part of its longer-term plans to reopen the Dores Inn as a fully renovated Highland pub and restaurant in the next two years. Dane Mr Povlsen is also Scotland's largest private landowner with over 220,000 acres. The purchase of the Dores Inn and its surrounding water and shore frontages also includes the base of the loch's second most famous resident Mr Feltham. Ironically, he recently landed a new starring role - advertising Denmark's Euro-Jackpot lottery. The historic Dores Inn is the only pub/restaurant spectacularly situated on the shores of south Loch Ness, eight miles from Inverness. And it normally attracts up to 400 people a day at peak season, with many hoping for a glimpse of the legendary creature. In fact, many sightings of the monster have been made at the village. Mr Povlsen has grown his net worth by almost £1 billion in the past year. The new Sunday Times Rich List 2025 reveals he has retained his position as Scotland's richest person. His wealth is now put at £7.704bn - up from £6.730bn in 2024. WildLand Limited posted pre-tax losses of £8.1 million for the year ending July 31 2024. But Mr Povlsen's wealth stems from the Danish fashion retailer Bestseller, founded by his father, Troels Holch Povlsen, in 1975. Anders, 52, is now the chief executive and sole owner of the business. He also has a stake in the fast fashion outfit ASOS. He is the 23rd richest person in the UK.
The Courier
16-05-2025
- Business
- The Courier
JIM SPENCE: Are Dundee United or St Johnstone wanted by billionaire?
Imagine St Johnstone or Dundee United owned by a billionaire. Football and speculation are joined at the hip so with Dane, Anders Holch Povlsen – said to be Scotland's richest man – sponsoring Saints' kit through his online fashion retailer MandM, some folk are putting two and two together and coming up with – well – four. After all, the man, reckoned by Forbes business magazine to be worth £13 billion, already owns FC Midtyjlland in Denmark and has other football interests too. And buying either United (who he was linked with a few months ago) or Saints, would represent a rain drop in the North Sea of his wealth. The delicious prospect of outgunning the Old Firm and bringing their 40-year duopoly of the top league to an end may be wishful thinking, but might his small step at Saints be a precursor to an investment which could shake Scottish football to the core? Povlsen's Midtylland make Saints and United look like paupers by comparison. Founded in 1999, they've won four league titles since 2015 and appeared in European group stages; they've generated commercial income of over £11 million and, astonishingly, under Povlsen's ownership, spent almost £31 million in the 2023/24 financial year on player transfers. So might Povlsen be persuaded to make a bid for Saints or United, and what would be in it for him? I never underestimate the ego factor in football, and owning a club brings real cachet and status in the world top business folk move through. Many of our clubs still have a real history in Europe, even though the years between actual success and current success are fast receding. That history still has its attractions though, as does the much greater likelihood of qualifying for European football than in some other leagues where investment is more expensive. If Povlsen took over at United, the Dane would inherit average attendances of over 11,000; almost twice that of Saints. Saints, though, offer a newer stadium with a far bigger footprint for any possible future development plans. United offer a rich European pedigree as the fourth placed club in Scotland's storied European history, along with the bragging rights of beating Barcelona in all four competitive meetings. Saints (current relegation travails aside) offer the stability of sixteen successive seasons in the top flight, along with two Scottish Cup wins and a League Cup win between 2014 and 2021. Both clubs, though, could potentially offer a regular passport to European football with a level of investment which would be negligible, given Povlsen's wealth. United would be the more costly investment with current owner Mark Ogren, if he was prepared to sell, looking to recoup the £13 million pounds invested, while Saints are debt-free and with a much more valuable piece of real estate in McDiarmid Park than Tannadice represents. With the current fashion for club partnerships, both Saints and United could offer an ideal symbiosis with Midtjylland and Povlsen's other football interests, with the prospect of better quality players arriving in Perth or Dundee. Midtylland's crowds average around the 10,000 mark; they're heavily invested in community involvement like Saints and United, but unlike the Scots, they have bold plans to become one of Europe's top 50 clubs. Povlsen is heavily immersed in Scotland; he is the country's largest landowner and his company AAA owns the Jenners building on Princes Street in Edinburgh. He's been labelled an ethical billionaire, so if he persuaded Saints' owner Adam Webb to sell, might he move Saints to an oft-discussed smaller stadium; an eco-friendly one, more adequate for their needs, and then re-purpose McDiarmid Park along sound ecological grounds? Such a move would give him both football and environmental kudos. If he could be persuaded to buy United, he'd have a tough job convincing Arabs to move from their ancestral home, but the prospect of serious investment in the team from a billionaire would, I suspect, be welcomed with open arms. Is a move by the Dane for either club likely? In football, I'm long past the stage where anything surprises me, so even just thinking about the ramifications of a billionaire blowing our game wide open – and the excitement it would bring – is worth the speculation alone.
The National
16-05-2025
- Politics
- The National
'Abolish billionaires' ad campaign appears as Rich List released
Activist group Climate Resistance installed the adverts on bus stops as part of their Abolish Billionaires campaign, highlighting the role the super-rich play in climate change. The posters featured slogans such as 'your kids will live through a climate crisis fuelled by the super-rich', as Oxfam reports showed that billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime. READ MORE: Who is on Sunday Times Rich List in Scotland? See full list Sam Simons, member of Climate Resistance said: 'These posters are a reality check: the Rich List is nothing but a list of poverty profiteers and climate criminals. 'Billionaires aren't just living extravagantly, they're torching the planet and rigging the system in their favour by funding political parties and buying up media houses while the rest of us suffer. 'We're seeing the catastrophic consequences every day: our NHS is crumbling, rent prices are off the charts, every week brings news of another climate disaster — and yet our Prime Minister would rather scapegoat the most vulnerable than risk angering his rich donors by taxing their wealth. 'If we want a liveable planet and a fair economy, we have to start at the top. We don't need more cuts or false promises, we need to tax the billionaire oligarchs out of existence. 'Tax their billions. Fund our future.' Climate Resistance installed the ads as part of their Abolish Billionaires campaign (Image: Climate Resistance)The Sunday Times Rich List, published on Friday May 16, featured seven Scottish billionaires: Anders Holch Povlsen, Glenn Gordon and family, Sir Ian Wood and family, Lady (Philomena) Clark and family, Mahdi al-Tajir, Sandy and James Easdale. This year's list shows the largest drop in the number of billionaires in the UK recorded by the list, going from 177 to 156. A YouGov poll showed that half of Britons have a negative opinion of billionaires, while around 78% support the introduction of a wealth tax.
