Scotland’s richest man loses almost £9.3m on Highland hospitality and estates business

dailyrecord.co.uk:

Scotland’s richest man has announced a loss of almost £9.3 million on his Highland hospitality and estates business.Annual accounts for Anders Holch Povlsen’s Wildland show turnover of £2.9 million in the 12 months to July last year, down from £4.2 million in the previous period.Povlsen, 51, is a Danish businessman who made his fortune in retail.

He is the largest shareholder in the online giant Asos and a large investor in Zalando.He is Scotland’s largest landowner, with more than 220,000 acres over 13 estates, and has been investing heavily in conservation for several years.The accounts state the farming, woodland and property businesses made positive contributions but hospitality “tipped back into loss”.Wildland runs the Lundies House hotel, in Tongue, as well as offering luxury self-catering stays in other properties it has renovated, including Aldourie Castle on Loch Ness, which “absorbed” marketing costs leading up to its relaunch.” Don't miss the latest news from around Scotland and beyond - Sign up to our daily newsletter here .