Bestseller CEO buys more shares in Zalando

By

Eva BOLHOEFER

Translated by
Barbara Santamaria

Published
Mar 13, 2019

Anders Holch Povlsen, the CEO of Danish clothing group Bestseller, has bought shares in Zalando in a transaction totalling around €8.9 million. Povlsen is also the largest shareholder in Asos, holding 27% of its capital shares. The Danish billionaire has a net worth of $6.5 billion, and is ranked 252 on this year’s Forbes Billionaires list.

Zalando said in a regulatory filing that Anders Holch Povlsen acquired shares worth €8.9 million at a price of €34 per share on 6 March. The transaction increases Povlsen’s shareholding in Zalando by 0.03 percentage points to a total of 10.05%. The Danish retail mogul is Zalando’s largest single shareholder, and Swedish investment company Kinnevik is the firm’s majority shareholder with a 31.29% stake.

Povlsen’s decision to increase its shareholding comes amid rumours of a possible sale of Zalando. In the case of a sale, Povlsen would enjoy great gains.