Anders Holch Povlsen, Denmark’s richest person and owner of Heartland, has acquired a majority stake in Topshop from Asos for £135 million. Known for his extensive land ownership in Scotland, Povlsen aims to revitalize the brand and potentially expand its presence in physical stores worldwide, marking a significant shift from its previous online focus under Philip Green’s ownership. Despite facing challenges and controversies, Povlsen’s strategic investments and vision for Topshop’s future suggest a promising new chapter for the iconic fashion brand.
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Judges order US government to rehire thousands of workers
Two federal judges have ordered the Trump administration to rehire tens of thousands of government employees terminated in recent weeks, citing breaches of rules surrounding mass layoffs. Maryland district judge James Bredar and San Francisco district judge William Alsup issued temporary restraining orders directing reinstatement of probationary employees across various federal agencies, challenging Elon Musk's cost-cutting efforts. The judges found that the firings lacked cause and proper notice, prompting the Trump administration to clarify directives...
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