Denmark’s richest man provides his 17,000 workers one-month bonuses

The richest man in Denmark introduced on Friday he shall be giving bonus funds to all 17,000 of his workers after a “outstanding 12 months” of enterprise.

Anders Holch Povlsen, CEO of the clothes firm Bestseller A/S , mentioned all of his workers will obtain an additional month’s pay as “a giant thanks” for the corporate’s efficiency during the last enterprise 12 months ending in July. The bonuses will quantity to DKK 300 million, or over $46.6 million in U.S. {dollars}, based on overseas trade firm XE .


“We’ve got been by means of some robust months, however we will now see that now we have fought again over the previous 12 months,” Povlsen mentioned. “Everybody has a stake in that end result, and it’s a testomony to the particular group spirit now we have — an unbelievable drive and unimaginable unity. We wish to acknowledge this, and everybody deserves the best thanks for taking part in their half.”

The corporate skilled the most important monetary 12 months in its historical past, with a internet turnover from August 2020 to July 2021 of DKK 26.4 billion, a big restoration after the corporate noticed its surplus fall by 72% because of the coronavirus pandemic. The clothes producer mentioned it will possibly now “resume the expansion journey the corporate was on previous to COVID-19.”

Different firms made related efforts to pad workers’ salaries on the peak of the pandemic. Final June, Walmart and Sam’s Membership gave money bonuses price greater than $390 million mixed to all hourly U.S. workers, with Walmart’s CEO saying, “It is vital we reward and respect them.”

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