His 11pc shareholding sits in a portfolio that includes a top 10 stake in rival Boohoo as well as electronics retailer AO World. In between them sits Camelot Capital Partners, a California-based hedge fund run by 33-year-old Briton Will Barker. Frasers, the group controlled by Ashley, occupies third spot on the shareholder register with a 7pc stake after beginning his stakebuilding last autumn. Having treated investors to a rollercoaster ride in the decade preceding Covid, the company’s stock surged after the initial shock of lockdown.īestseller, the Dane’s retail empire, is Asos’s largest investor, owning 26pc of the company.

This time over a company with far less history: Britain’s biggest online fashion retailer.Īsos was one of the biggest winners from the pandemic. Two-and-half years later, and with the Danish billionaire in the middle of converting 47 Princes Street into a luxury hotel, another row is brewing between the two billionaires. Holch Povlsen’s team insisted that rental discounts were tabled but dismissed.

Ashley’s lieutenants accused Holch Povlsen, who had bought the Princes Street premises in 2017 for £53m of not being prepared “to work mutually on a fair agreement”.

For many Scots, visiting its lavish Christmas tree and popular toy section was a rite of passage.īut the retailers’ rich history – it had held a Royal Warrant it held since 1911 and was dubbed the ‘Harrods of Scotland’ – was not enough to protect the business from a brutal squeeze on trading when Covid hit.įrasers had run the department store since 2005. Jenners had been a fixture on Princes Street, Edinburgh, since 1838. When Scotland’s oldest department store collapsed in late 2020, representatives for Anders Holch Povlsen and Mike Ashley pointed the finger at each other.

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