Troels Holch Povlsen
Troels Holch Povlsen | |
|---|---|
| Born | September 9, 1949 Risskov, Aarhus, Denmark |
| Occupation | Entrepreneur |
| Known for | Founder of Bestseller |
| Spouse | Merete Bech Povlsen |
Troels Holch Povlsen (born 9 September 1949) is a Danish entrepreneur and the founder of the fashion retailer Bestseller.
Early life
Povlsen was born in Risskov, Aarhus, where his father held the position of regional social services director.
Career
In 1975, Povlsen and his spouse Merete Bech Povlsen established the company Bestseller in Ringkøbing, Denmark. Later, in 2002, he partnered with Mette and Rolf Hay to launch the furniture brand HAY.
His son, Anders Holch Povlsen, took over Bestseller at the age of 28, becoming both its CEO and sole proprietor. As reported in January 2015 by Forbes, Anders Holch Povlsen's wealth was estimated at $4.6 billion.
Troels Holch Povlsen continues to serve on Bestseller’s board of directors. The family's business ventures are overseen by Nine United, which is based in Horsens, Denmark.
Property
Povlsen is the owner of Lindencrone Mansion, a historic edifice located in central Copenhagen that functioned as the British embassy from 1898 until 1980. In 1995, he purchased Gyllingnæs Manor near Aarhus in Odder, an important estate originally established by Englishman John Smith in 1801.
In London, Povlsen has held ownership of numbers 16 and 34 on Queen Anne's Gate since 2006. Number 16 is a Grade I listed building, previously inhabited by notable figures such as John Fisher, 1st Baron Fisher and abolitionist William Smith. The property features commemorative blue plaques and its restoration earned recognition from the Georgian Group.
Honours
In the year 2000, Povlsen was honored as a Knight of the Order of the Dannebrog.
Personal life
Troels Holch Povlsen lives in Denmark with his wife, Merete Bech Povlsen. Their two sons, Anders and Niels, actively participate in managing the family enterprise.