A spokesman for Anders Holch Povlsen, a Danish billionaire and Scotland’s largest private landowner, told multiple news outlets the siblings were among the 290 people known to have died in a string of explosions.
The spokesman told the BBC: “Unfortunately, we can confirm the reports. We ask you to respect the privacy of the family and we therefore have no further comments.”
The names of his children have not been released, but they were reported to have been visiting Sri Lanka over the Easter break.
Povlsen made his fortune as the owner of the Danish fashion group Bestseller, which is the largest stakeholder in the online giant Asos, with 26.66% of the company.
Bestseller also owns more than a dozen brands including Jack & Jones and Vero Moda.
Povlsen is known to love Scotland, and began buying up estates in 2006.
The Sunday Times has reported that he is now the largest individual private landowner in Britain, after he spent around £70m ($90.9m) acquiring land over a decade.
Denmark’s foreign ministry said on Monday three Danes had been killed in the bombings.
The authorities now put the death toll at 290 with more than 500 wounded. Five Britons have been been confirmed dead, but the vast majority of the victims are Sri Lankan.
Warnings have been issued about possible further attacks on the island in the Indian Ocean.
No group has so far claimed responsibility for the blasts on Easter Sunday on two churches and four hotels around the capital, Colombo.
The country only emerged from decades of civil war 10 years ago, when the government won its long battle against separatists from the Tamil ethnic minority.
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