Quick Facts
Biography
Troels Holch Povlsen (born 1949) is a Danish businessman, founder of the fashion chain Bestseller.
Early life
Troels Holch Povlsen was born in 1949 in Risskov, Aarhus. His father was a social inspector (socialinspektør).
Career
Troels Holch Povlsen and his wife Merete Bech Povlsen co-founded Bestseller in Ringkobing, Denmark in 1975.
His son Anders Holch Povlsen inherited his parents's business, Bestseller, when he was 28 years old. He eventually became its CEO and sole owner. According to Forbes, Anders Holch Povlsen has a net worth of $4.6 billion, as of January 2015.
Troels Holch Povlsen is a director of Bestseller.
The Povlsen family interests are managed by the company Nine United, which has its headquarters in Horsens, Denmark.
Property
He owns Lindencrone Mansion, a large historic building in central Copenhagen, which was the British Embassy from 1898-1980. In 1995, he bought Gyllingnæs Manor in Odder, south of Aarhus, a large estate established by an Englishman John Smith in 1801.
In London, he owns 16 Queen Anne's Gate since 2006, as well as no. 34. No. 16 is a Grade II* 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.
Honours
In 2000, Povlsen was appointed a Knight of the Order of the Dannebrog.
Personal life
Povlsen and his wife Merete Bech Povlsen live in Denmark. They have two sons Anders and Niels, both of whom work for the family company.