Fashion’s high-net worth individuals have been feeling the pinch from the credit crunch according to The Sunday Times’ Rich List published yesterday.
Of the 37 fashion retailers, entrepreneurs, suppliers and designers listed in the Sunday Times’ top 1,000 list, only three climbed the rankings this year.
Harrods owner Mohamed Al Fayed, designer Sir Paul Smith and Susan Prescott and the Austin family, who sold their 7.5% stake in the Ethel Austin chain in 2005, all moved up the Rich List.
New entries included LK Bennett founder Linda Bennett at number 525, whose fortune is valued at £150 million, and The Peacock Group chief executive Richard Kirk at number 597 and worth £130m.
But within the top 100, all fashion-related entries fell, including Sir Philip Green and Lady Green, who dropped from position nine to position from seven. Bernard Lewis and family, the owners of River Island fell from 41 to 43, Sports Direct founder Mike Ashley fell from 54 to 25, Lord Sainsbury and family from the supermarket empire fell to 56 down from 22, while Sir Tom Hunter, owner of USC and Office was down to 68 from position 60. George Weston and family, who hold a stake in and run Primark, were down from 64 to 71.
Rankings in fashion
9 (7)* Sir Philip Green and Lady Green (arcadia“>Arcadia and Bhs) £4.3bn
43 (41) Bernard Lewis and Family (River Island) £1.62bn
54 (25) Mike Ashley (Sports Direct) £1.4bn
56 (22) Lord Sainsbury and family (Sainsbury’s) £1.3bn
68 (60) Sir Tom Hunter (Office, Qube, USC) £1.05bn
71 (64) George Weston and family (Primark) £1bn
138 (125) Peter Simon and family (Monsoon) £600m
145 (149) Mohamed Al Fayed (Harrods) £555m
180 (108) Tom Singh and family (New Look) £464m
184 (177) Richard Caring (ICD supply business) £450m
184 (133) David, Ralph and Jacqueline Gold (Ann Summers) £450m
199 (133) John Hargreaves and family (matalan“>Matalan) £430m
232 (213) Mark Fenwick and family (Fenwick department stores) £386m
235 (150) Lord Alliance and family (N Brown) £380m
244 (210) Karl-Johan Persson (H&M) £365m
244 (214) Harold Tillman (Jaeger, Allders of Croydon) £365m
287 (163) Stephen Rubin and family (Pentland) £290m
312 (313) Sir Paul Smith (Paul Smith) £260m
393 (409) Susan Prescott and the Austin Family (Ethel Austin) £204m
397 (288) Dave Whelan and family (JJB Sports) £200m
444 (386) Lawrence Stroll (Tommy Hilfiger, Michael Kors) £187m
453 (327) Kevin Stanford (House of Fraser, Mosaic Fashions, Ghost) £180m
525 (new entry) Linda Bennett (LK Bennett) £150m
525 (467) Leon Max (Maxstudio.com) £150m
564 (429) Lance Clark and family (Clarks International) £140m
581 (557) Theo Paphitis (La Senza) £135m
597 (new entry) Richard Kirk (The Peacock Group) £130m
616 (502) David Reiss (Reiss) £125m
644 (574) George Davies (Per Una) £120m
693 (395) Ian and Lennie McGeoth (Mackays) £118m
724 (574) Don McCarthy (House of Fraser, Baugur) £110m
777 (690) Peter Bromley (Russell & Bromley) £104m
780 (751) Tamara Mellon (Jimmy Choo) £102m
854 (798) Nick Wheeler and Christian Rucker (Charles Tyrwhitt and The White Company) £95m
912 (824) Johnnie Boden (Boden) £88m
915 (659) Ray Kelvin (Ted Baker) £87m
924 (659) Afzal and Akmal Khushi (Trespass) £85m
* () denotes ranking in 2007
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