David Reiss (fashion retailer)
David Reiss | |
---|---|
Born |
David Anthony Reiss May 1943 (age 75) London, England |
Residence | Hampstead, London, England |
Nationality | British |
Known for | Founder, Reiss |
Net worth | £125 million (September 2015)[1] |
Spouse(s) | Rosemary Reiss |
Children | 3 |
Parent(s) | Joshua Reiss |
David Anthony Reiss (born May 1943) is the founder of the British global fashion chain Reiss.
Early life
David Anthony Reiss was born to a Jewish family in May 1943.[2] His father, Joshua Reiss, operated a store in Bishopsgate that was founded by his uncle, Samuel Reiss (born 1903) who was an immigrant from a south-eastern Polish shtetl in Radomyśl Wielki.[3] His family were members of the orthodox Raleigh Close (Hendon United Synagogue).[3]
Career
David took over his father's gentlemen's outfitters on the corner of Bishopsgate and Petticoat Lane in the City of London, in 1971, when he was in his 20s.[4]
Today Reiss is the last big owner-founder entrepreneur left in British retail.[4] Reiss has a target to open 260 stores around the world, including 100 franchise stores (the company has already signed a deal for 40 in Europe, the Far East and the Middle East), and 50 stand-alone stores in Europe and the United States.[5] The debut in New York City proved a success, recouping the money Reiss invested in just one year, which made Reiss continue pursuing his international plans and in 2007 the retailer boasted eight more US stores,[6] including stores in Boston, San Francisco, Washington, D.C., and Los Angeles.[7] Additional stores opened in Short Hills, New Jersey and Boca Raton, Florida.[8]
In April 2016, a majority stake was sold to the American private equity firm Warburg Pincus for £230 million.[9]
Personal life
Reiss is married to Rosemary Reiss;[10] they have three children: Ali, Debbie and Darren, and lives in Hampstead, London.[11] Reiss's son is a director at HSBC, and his daughter Debra worked for the chain in Los Angeles until her death from a long-term illness in 2015.[12][1] David's eldest daughter Ali was involved in the business for many years before leaving in her 30s to concentrate on her children.[5]
His "only extravagance" is a Bentley.[13]
Notes
- 1 2 Daily Mail: "Pregnant heiress to $200 million Reiss fashion fortune dies suddenly in LA: Debra Reiss, 34, killed by 'long-term illness' while expecting her second child" by Martin Robinson 9 September 2015
- ↑ "REISS LIMITED - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 9 April 2017.
- 1 2 Melchett, Mike (27 March 2009). "Sam Reiss z"l, 1903-1995". melchett mike blog. Mike Melchett. Retrieved 22 August 2009.
- 1 2 Pagano, Margareta (4 May 2008). "On the edge with the elusive Mr Reiss". The Independent on Sunday. Independent News and Media. Retrieved 22 August 2009.
- 1 2 Hall, James (30 July 2006). "Why Reiss is not for sale". Daily Telegraph. Telegraph Media Group. Retrieved 22 August 2009.
- ↑ Berwin, Lisa (25 October 2007). "Reiss goes global". Retail Week. Emap. Retrieved 22 August 2009.
- ↑ Pallay, Jessica (29 May 2006). "David Reiss, founder of retail powerhouse Reiss". Daily News Record, archived at HighBeam. Fairchild Publications. Retrieved 22 August 2009.
- ↑ Linden, Kerri (October 2007). "Reiss Finds Niche with Midrange, Urban Chic". Shopping Centers Today. ICSC. Archived from the original on 30 April 2009. Retrieved 22 August 2009.
- ↑ Zoe Wood. "Reiss sold to US private equity firm | Business". The Guardian. Retrieved 9 April 2017.
- ↑ The Evening Standard: "The Irrepressible Rise of Reiss; David Reiss, a Little-Known Tailor's Son, Is Poised to Beat Stuart Rose and Philip Green to a Truly Global British Brand With 250 Stores Worldwide" by DAVID HAYES retrieved 8 April 2017
- ↑ Thompson, James (30 August 2008). "David Reiss: Top retailer is well suited to the high street buzz". The Independent. Independent News and Media. Retrieved 22 August 2009.
- ↑ Danny Boyle, Lexi Finnigan (9 September 2015). "Debra Reiss, daughter of Reiss founder, dies aged 34". The Daily Telegraph. Retrieved 26 September 2015.
- ↑ "On the edge with the elusive Mr Reiss". The Independent. Retrieved 9 April 2017.