Sir Tom Hunter, owner of USC and Office, was the shock exit from The Sunday Times Rich List, which was published yesterday, while most of the other sector big hitters saw their wealth slashed as a result of the recession.
The Sunday Times said Hunter no longer qualified for the list after he pledged to give away his fortune to charity. It is worth noting that he has also left the list after a tough year for his retail investments including USC, which went into administration in December before being immediately rescued by Hunter’s private equity firm West Coast Capital.
In general, the branded fashion sector performed better for Britain’s wealthiest. Risers in the table included Stephen Rubin, the chairman of Pentland Group, which owns brands like Speedo and Boxfresh, while Supergroup founder Julien Dunkerton saw his wealth swell to £70m last year, thanks to the success of Superdry.
The biggest fallers in percentage terms were largely retailers including River Island founder Bernard Lewis and Monsoon founder Peter Simon, who both saw their wealth slashed by more than 50%.
See the table below for a detailed breakdown of the fashion fallers and risers in this year’s list.
|Name||Company||Wealth||Estimated rise/fall on 2008||% change||Ranking||Last year’s Ranking|
|Sir Philip and Lady Green||arcadia“>Arcadia Group||£3.83bn||-£500m||-12%||6||9|
|Sir David and Frederick Barclay||Shop Direct Group||£1bn||-£700m||-59%||=40||=60|
|Bernard Lewis||River Island||£770m||-£850m||-52%||51||43|
|Stephen Rubin||Pentland Group||£370m||+£80m||+22%||=141||287|
|Richard Caring||International Clothing Designs||£350m||-£100m||-22%||=146||=184|
|Lawrence Stroll||Tommy Hilfiger, MichaelKors||£319m||+£132m||+42%||173||=444|
|Tom Singh||New Look||£315m||-£149m||-32%||=174||180|
|David, Ralph and Jacqueline Gold||Ann Summers||£300m||-£150m||-33%||=178||=184|
|Peter Simon||Monsoon Accessorize||£250m||-£350m||-58%||=222||=138|
|Sir Paul and Lady Smith||Paul Smith||£230m||-£30m||-12%||=243||=312|
|Lord Alliance||N Brown||£208m||-£172m||-45%||267||=235|
|Theo Paphitis||La Senza||£145m||+£10m||+7%||=382||=581|
|George Davies||formerly Per Una now Liverpool FC stores||£105m||-£15m||-13%||=510||=644|
|Lennie and Ian McGeoch||M&Co||£97m||-£21m||+18%||=570||=693|
|Don McCarthy||House of Fraser||£90m||-£20m||-18%||=600||=724|
|Dame Margaret Barbour||Barbour||£85m||-||0%||=657||=924|
|Peter Bromley||Russell & Bromley||£80m||-£24m||-23%||=694||=777|
|Linda Bennett||LK Bennett||£70m||-£80m||-53%||=793||=525|
|Julian Dunkerton||Supergroup (Cult Clothingand Superdry)||£70m||+£28m||+40%||=793||=1,736|
|Christina Ong||Club 21||£69m||-£31m||-31%||=841||=784|
|Nick Wheeler and Chrissie Rucker||Charles Tyrwhitte and The White Company||£63m||-£31m||-34%||=906||=854|
|Alison Goldberg and Sara Phillips||Jane Norman||£62m||-£10m||-14%||=910||=1,100|
|Ray Kelvin||Ted Baker||£58m||-£29m||-33%||=966||=915|