Asos profits skyrocket by 253% to £106m during lockdown

Asos right now revealed its world gross sales and profits have rocketed as folks shopped online during lockdown in growing numbers, particularly within the UK, with the most important progress in informal and sportswear.

The vogue large’s revenues jumped 24% within the six months to the tip of February to £1.98billion in contrast with the identical interval a yr in the past, whereas pre-tax profits soared 253% to £106.4 million.

Sales within the UK, during the interval that noticed a second lockdown in England in November, the introduction of tiering and the following present lockdowns in place all through 2021, have been notably sturdy – up 39%, in contrast with progress of 18% within the EU and 16% within the US.    

Due to folks being caught at residence gross sales of formal and outfits for social occasions remained low, however revenues within the ‘activewear’ and ‘casualwear’ classes have exploded upwards.

Asos added it has seen its energetic buyer base enhance to 24.9 million – up 1.5 million within the six-month interval, though revenue margins on merchandise offered fell 200 foundation factors – or 2% – ‘pushed by elevated freight prices due to Covid-19 disruption, international change actions and continued ‘lockdown’ class product combine’, the corporate stated.

Bosses stated additionally they believed Asos benefitted to the tune of £48.5million from the Covid-19 pandemic, including ‘a profit which we count on to reverse as soon as we see restrictions lifted on the hospitality and tourism sectors’.

But gross sales in ‘sassy and attractive’ outfits when folks can go to pubs, bars and eating places once more will rise, Asos stated. 

ASOS has continued its recent stellar spell with a surge in earnings and sales as further lockdown restrictions have kept its shoppers from returning to UK high streets

ASOS has continued its latest stellar spell with a surge in earnings and gross sales as additional lockdown restrictions have stored its buyers from returning to UK excessive streets

Anders Holch Povlsen is the fabulously rich proprietor of the worldwide vogue enterprise Bestseller and the most important shareholder in ASOS, who purchased Topshop in a cut-price £330million deal in February.

The Danish retail mogul, 48, value £6.1billion however identified for liking a whisky down the pub and driving a bashed up VW Golf, is Scotland’s richest man with round 220,000 acres of the Highlands below his management after he began shopping for up a number of the nation’s grandest estates 14 years in the past.

As a end result, the reclusive Dane has grow to be Britain’s largest non-public landowner, making Prince Charles, who owns a paltry 130,000 acres within the UK, seem like a veritable pauper. 

Povlsen grew to become enchanted with Scotland when one summer time within the Eighties the younger boy from Denmark went fly fishing within the Scottish Highlands together with his mother and father and brother.

Some have referred to as it the most costly household vacation in historical past as a result of three many years later he has spent £100million quietly turning himself right into a real-life Monarch of the Glen.

With his spouse Anne, 43, they’ve fashioned a ‘200-year imaginative and prescient’ for his or her estates, which entails rewilding the land. In the imaginative and prescient, Povlsen stated he deliberate to go the property alongside to his 4 youngsters and that they’d proceed his work.

But their dream was hit by tragedy when three of their 4 youngsters have been killed within the Easter Sunday bombings in Sri Lanka in 2018. Alfred, Alma and Agnes all died. Only their youngest daughter, Astrid, then ten, survived the assaults and the couple stated that they continue to be ‘genuinely grateful’ that she remains to be alive.    

Danes Anders Holch Povlsen , 48, and Anne Storm Pedersen, pictured together, met when Anne began working in sales for Bestseller and have bough 11  Scottish estates making them biggest landowner in the UK

Danes Anders Holch Povlsen , 48, and Anne Storm Pedersen, pictured collectively, met when Anne started working in gross sales for Bestseller and have bough 11  Scottish estates making them largest landowner within the UK

The couple had four children - Astrid, Agnes and Alfred (pictured in the days before they died) and Alma, who took the picture. Only Astrid survived the Sri Lankan bombings in 2018

The couple had 4 youngsters – Astrid, Agnes and Alfred (pictured within the days earlier than they died) and Alma, who took the image. Only Astrid survived the Sri Lankan bombings in 2018

Aldourie Castle is set within 500 acres of prime Scottish real estate near Loch Ness and is owned by Povlsen

Aldourie Castle is ready inside 500 acres of prime Scottish actual property close to Loch Ness and is owned by Povlsen

The £7million tied island at Loch Eriboll on the northern tip of Sutherland was bought back in 2016

The £7million tied island at Loch Eriboll on the northern tip of Sutherland was purchased again in 2016

Lynaberack, tucked away in the Cairngorms, was one of Povlsen's earliest purchases and cost him £5million

Lynaberack, tucked away within the Cairngorms, was certainly one of Povlsen’s earliest purchases and value him £5million

Mr Povlsen has bought 11 Scottish estates and they are said to be worth £120million - more than double what he is believed to have paid for the properties. But he has spent huge sums rewilding land and refurbishing properties

Mr Povlsen has purchased 11 Scottish estates and they’re stated to be value £120million – greater than double what he’s believed to have paid for the properties. But he has spent big sums rewilding land and refurbishing properties

In an open letter posted after their deaths, Mr Povlsen and spouse Anne Storm Pedersen wrote that the mission will take longer than a lifetime to full and so can be carried on by their youngsters after they died.

He wrote: ‘From our residence at Glenfeshie, each Anne and myself – our youngsters and our mother and father too – have lengthy loved a deep reference to this magnificent panorama.

‘As the holdings have grown and our widespread imaginative and prescient for the work turns into ever clearer, we’ve got integrated the whole thing of the mission right into a enterprise we name Wildland.

‘It’s a big and lifelong dedication that we’ve got made – not only for ourselves however for the Scottish folks and Scottish nature too – a dedication which we imagine in deeply’. 

He started constructing this ever-growing property portfolio 14 years in the past, within the autumn of 2006, with the £7.9 million acquisition of Glenfeshie, a 42,000-acre patch of the Cairngorms National Park.

Two years later, he spent one other £15.5 million buying the 23,000-acre Braeroy property close to Fort William, close by Tulloch, and Lynaberack within the Cairngorms. Four estates have been added between 2011 and 2015, and one other three in 2016.   

His Scottish landholdings cowl an space half the scale of Worcestershire, and surpassed the mere 217,000 acres owned by the Duke of Buccleuch – Britain’s largest land proprietor earlier than him. 

Partial to a single malt and domestically brewed actual ale, he’s identified to go to native pubs in Scotland however hardly ever says a lot about himself. 

Mr Povlsen’s life as a Scottish laird is all a good distance from the tiny Danish city of Brande, with a inhabitants of simply 7,000, the place Povlsen’s father, Troels, opened the household’s first garments retailer in 1975. 

Other shops quickly adopted. And Anders was solely 27 when Troels made him the only proprietor of Bestseller.

By 2007, it was so profitable that supermodel Gisele Bundchen was employed to put it on the market.

Bestseller employs 15,000 folks and boasts practically 6,000 outlets. He owns manufacturers resembling Jack & Jones and Vero Moda, and 27 per cent of, Britain’s largest web vogue retailer. 

Today it purchased Topshop, Topman, Miss Selfridge and HIIT from the ashes of Sir Philip Green’s Arcadia.

In addition to ‘re-wilding’, the billionaire has poured hundreds of thousands of kilos into changing lodges, cottages and farmhouses into upmarket vacation retreats on his estates.

This has largely been the job of Anne, a willowy brunette with a ardour for inside design. In dozens of buildings throughout the 11 estates, she has torn down the fusty tartan curtains of conventional Highland properties and created modern, trendy rooms which seem like they belong in an IKEA catalogue.

For £300 an evening, members of the general public can keep within the ensuing houses, a few of that are run as small lodges by the couple’s agency, Wildland Ltd. 

In a uncommon interview with The Times Anne stated the type of her vacation locations is epitomised by ‘an absence of litter. You cannot calm down if you’re surrounded by stuff’.

According to Wildland’s accounts in 2018, the estates are value £115million mixed.

By a quirk of Danish legislation, they characterize a pleasant earner for the nation’s exchequer, because it fees tax on all land owned, wherever on this planet, by its residents. Each yr, Povlsen should write a cheque for upwards of £3million. 

During re-wilding work a human cranium and different bones relationship again 2,500 years have been unearthed by workmen on certainly one of his Scottish Highlands estates.

The partial skeleton, from the Iron Age, was found by builders on the tycoon’s 18,000-acre Eriboll Estate, in Sutherland. 

He purchased the Eriboll property from the late James Clark – son of well-known Conservative politician Alan Clark – in 2016.

Popular domestically and a vibrant character, Mr Clark additionally inherited his father’s bluntness.

When a gaggle of uninvited fishermen parked their automobiles on his property, Mr Clark introduced out a digger and, across the anglers’ automobiles, dug a moat that they’d to fill in earlier than they may depart.

During the lambing season, he hung the carcasses of knocked-down lambs from highway indicators to reveal the consequences of extreme pace. On one event Clark refused to promote a home on the property in case it fell into the fingers of an English particular person.   

Anders Povlsen with wife Anne owns 11 Scottish estates, and a castle, covering an astonishing 221,000 acres

Mr Povlsen outlined his plans to hand over his estates to his children as part of a '200 year plan' to 'rewild' his Scottish estates by reintroducing lost habitats and bringing back wild animals that have long gone extinct there

Mr Povlsen, left together with his spouse Anne, outlined his plans to hand over his estates to his youngsters as a part of a ‘200 yr plan’ to ‘rewild’ his Scottish estates by reintroducing misplaced habitats and bringing again wild animals which have lengthy gone extinct there. But tragedy struck when three have been killed in a terror assault (their youngsters pictured proper)

Povlesen's first buy was Glenfeshie, whose 42,000 acres inspired Sir Edwin Landseer's Monarch of the Glen

Povlesen’s first purchase was Glenfeshie, whose 42,000 acres impressed Sir Edwin Landseer’s Monarch of the Glen

Povlsen bought Killie Huntley estate in 2011 and rents out the vast farmhouse to holidaymakers 

Povlsen purchased Killie Huntley property in 2011 and rents out the huge farmhouse to holidaymakers 

Coastal retreat: The Kinloch estate, by the Kyle of Sutherland estuary, offers 20,000 of hunting and salmon fishing

Coastal retreat: The Kinloch property, by the Kyle of Sutherland estuary, affords 20,000 of searching and salmon fishing

Wild hunt: The 19,500 acre Gaick estate in the Cairngorms is accessible only by off-road vehicle

Wild hunt: The 19,500 acre Gaick property within the Cairngorms is accessible solely by off-road car

The Ben Loyal lodge and estate were snapped up by Povlsen back in 2012 which makes up 24,000 acres

The Ben Loyal lodge and property have been snapped up by Povlsen again in 2012 which makes up 24,000 acres

In 1998 the Povlsens have been focused by extortionist Kurt Hansen, who threatened to kill members of the family if he did not obtain £1 million.

Hansen, then 34, despatched the Povlsens letters, scratched his initials into automobiles and finally broke into the household residence and left a word a number of yards from the place they slept.

When he was arrested, he had handcuffs, tape, flammable liquids and a handgun in his possession.

In his residence, officers discovered disguises, a guide on poisoning and a secret room below the floorboards.

Then, in 2003, an in depth household buddy was kidnapped in India — the place Bestseller has factories — by a gang that mistook him for one of many Povlsens, and was rescued solely after a automotive chase. A discreet 24-hour safety group retains the household secure.  


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