In 2009 Alshair led the acquisition of Magasin du Nord, a major Danish department store chain. Saved from administration and subsequently bought by Debenhams, today it is one of the British retailer’s most profitable subsidiaries. He oversaw the sale of its flagship store on the Kongens Nytorv square in Copenhagen to PensionDanmark, ensuring the building – a French Renaissance Revival gem and part of the local architectural heritage – remains in the hands of Denmark’s people.