Denmark’s Richest Man Pays 17,000 Staff a Month’s Wage in Bonus

Anders Holch Povlsen, Denmark’s richest man, will give his employees one month of wages as a bonus after profits at his clothing company jumped to a record.

Bestseller A/S, with brands including Jack & Jones and Vero Moda, will pay its 17,000 staff a total of 300 million kroner ($46.6 million), according to a statement on Friday. The company reported net income of 3.61 billion kroner for the 12 months through July. That’s almost nine times more than in the previous fiscal year when the pandemic shut down many of its stores.