David Reiss (fashion retailer)
David Reiss | |
|---|---|
| Born | May 1943 (age 81) London, England |
| Known for | Founder, Reiss |
| Spouse | Rosemary Reiss |
| Children | 3 |
| Parent | Joshua Reiss |
David Anthony Reiss (born May 1943) is the founder of the British global fashion chain Reiss.
According to The Sunday Times Rich List in 2019, Reiss is worth £240 million.[1]
Early life
[edit]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] and Reiss studied at Carmel College, a former Jewish boarding school in Oxfordshire.[4]
Career
[edit]Reiss 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.[5] He then moved on to manufacturing, and in 1980 opened a flagship store in Chelsea selling his eponymous brand, as well as establishing a factory in Wakefield producing his clothes.[6] Reiss remained chairman of the firm until 2021, when he resigned at the age of 78 and was replaced by former Next CEO Simon Wolfson,[7] having been retained following a majority stake in the business being sold to the American private equity firm Warburg Pincus for £230 million in 2016.[8] Reiss and his family retain a "significant stake" in Reiss Limited,[9] and are also involved in a range of philanthropic causes following their departure from the management of the business.
Personal life
[edit]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] David's eldest daughter Ali was involved in the business for many years before leaving in her 30s to concentrate on her children.[13]
His "only extravagance" is a Bentley.[14]
References
[edit]- ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 501-542=". ISSN 0140-0460. Retrieved 14 October 2019.
- ^ "REISS LIMITED - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 9 April 2017.
- ^ a b Melchett, Mike (27 March 2009). "Sam Reiss z"l, 1903-1995". melchett mike blog. Mike Melchett. Retrieved 22 August 2009.
- ^ https://www.thejc.com/life-and-culture/the-clothes-firm-thats-royally-in-fashion-fashion-rqlah7oy
- ^ 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.
- ^ https://www.on-magazine.co.uk/beauty/fashion/david-reiss/
- ^ https://pl.fashionnetwork.com/news/Next-ceo-wolfson-replaces-founder-as-reiss-chair-report,1303842.html
- ^ Zoe Wood. "Reiss sold to US private equity firm | Business". The Guardian. Retrieved 9 April 2017.
- ^ https://www.reissfamilyinvestments.com/other/
- ^ 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.
- ^ Hall, James (30 July 2006). "Why Reiss is not for sale". Daily Telegraph. Telegraph Media Group. Retrieved 22 August 2009.
- ^ "On the edge with the elusive Mr Reiss". The Independent. Retrieved 9 April 2017.