In the Sunday Times Rich List in April, retail entrepreneur Kevin Stanford fell from 327th for the year before to 453rd place.
Stanford has stakes in House of Fraser and Mosaic Fashions, and until last month was part-owner of womenswear brand Ghost. Given the economic meltdown in Iceland and the fact that both those businesses have Icelandic money behind them, you have to wonder where Stanford will stand next April.
Icelandic investment firm Baugur’s interests in HoF and Mosaic Fashions is still to be resolved, but Ghost went into administration last month and was acquired by Hawes & Curtis owner Touker Suleyman. However, these three businesses don’t make up all of Stanford’s portfolio (he also has interests in Moss Bros and Mulberry) and one bright spot can be found in directional fashion brand All Saints, in which Stanford also has a stake.