Danish Fashion Retail Tycoon Povlsen’s Children Killed in Sri Lanka

LONDON – Three of the four children of Danish fashion retail and property tycoon Anders Holch Povlsen have died in the Easter Sunday attacks in Sri Lanka that killed at least 290, according to British media reports. Billionaire Povlsen is one of Denmark’s wealthiest individuals and the owner and chief executive officer of Bestseller, the Denmark-based, fashion clothing retail chain with 3.3 billion euros in sales. It carries men’s and women’s contemporary brands such as Vero Moda, Jack & Jones, Only and Pieces. Povlsen is also the largest single shareholder in Asos.com, and has also held significant stakes in Zalando and J. Lindebergh. He remained one of Zalando’s largest shareholders after the company went public in 2014. Povlsen also owns swathes of property in the U.K., and Scotland in particular. He and his family were on holiday in Sri Lanka when the attacks were carried out at Catholic churches in the cities of Colombo, Negombo and Batticaloa, and at a string of five-star hotels in Colombo. The names of the three children have not been released, and a spokesperson for Bestseller Fashion Group, which is 100 percent owned by the Povlsen family, could not be reached for comment. The children were among 290 reported dead

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