John Hargreaves (businessman)
| John Hargreaves | |
|---|---|
| Born |
January 1944 (age 72) Everton, Liverpool, England |
| Residence | Monaco |
| Nationality | British |
| Known for | Founder, Matalan |
| Net worth | GBP £1.0 billion (April 2015)[1] |
| Spouse(s) | married |
| Children | 3 |
John Hargreaves (born January 1944)[2] is a British businessman, the founder and chairman of the UK out-of-town discount clothing and homeware chain Matalan.
Career
John Hargreaves was born in 1944 in Everton, the son of a docks labourer, the middle of eight children all sharing one bedroom in a Liverpool terrace house.[3][4]
Hargreaves left school at 14, went into the retail business when he was 16, and opened the first Matalan store in Preston in 1985.[3]
Matalan has 200 stores in the UK, and employs over 16,000 people.
Hargreaves resigned as chairman of Matalan on 18 November 2007, less than a year after taking the company private.[5] His resignation marked the end of a 22-year era for Matalan.
Hargreaves purchased British womenswear retailer Fenn Wright Manson for an undisclosed sum on 28 March 2012.
In April 2015, the Sunday Times estimated his net worth at £1.0 billion[1]
Personal life
Hargreaves married aged 19, and has three children, Jason, Jamey, and Maxine.[3]
Hargreaves resides in Monaco with his wife. This alleged non-residence in the UK has enabled him to claim that he is not liable to capital gains tax on a gain of £200 million arising on the disposal of Matalan shares. This claim is being resisted by Her Majesty's Revenue and Customs, and the matter is subject to litigation.[6]
References
- Walsh, Fiona (11 October 2006). "From market trader to chairman of the board". The Guardian. Retrieved 2009-10-27.
- Judge, Elizabeth (26 October 2009). "Business big shot: John Hargreaves". The Times. Retrieved 2009-10-27.
Notes
- 1 2 "Sunday Times Rich List". The Sunday Times (page 34). 26 April 2014.
- ↑ "John HARGREAVES - Personal Appointments (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 2016-05-19.
- 1 2 3 Hounslea, Tara (2015-11-26). "The Drapers Interview: The man behind Matalan | The Drapers Interview | Drapers". Drapersonline.com. Retrieved 2016-05-19.
- ↑ Williams, Amanda. "Meet John Hargreaves the man who built Matalan | Daily Mail Online". Dailymail.co.uk. Retrieved 2016-05-19.
- ↑ Weston, Alan (19 November 2007). "Man who founded Matalan resigns". Liverpool Daily Post. Retrieved 2009-10-27.
- ↑ "John Hargreaves and The Commissioners for Her Majesty's Revenue and Customs" (PDF). Tribunals.gov.uk. Retrieved 2016-05-19.