David Reiss (fashion retailer)
British businessman From Wikipedia, the free encyclopedia
David Anthony Reiss (born May 1943) is the founder of the British global fashion chain Reiss.
David Reiss | |
|---|---|
| Born | May 1943 (age 81) London, England |
| Known for | Founder, Reiss |
| Spouse | Rosemary Reiss |
| Children | 3 |
| Parent | Joshua Reiss |
According to The Sunday Times Rich List in 2019, Reiss is worth £240 million.[1]
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]
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]
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.[5]
His "only extravagance" is a Bentley.[13]
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