John Hargreaves (businessman)
John Hargreaves | |
|---|---|
| Born | January 1944 (age 80) Everton, Liverpool, England |
| Nationality | British |
| Known for | Founder and chairman, Matalan |
| Children | 3 |
John Hargreaves (born January 1944) is a Monaco-based British businessman, the founder and chairman of the UK out-of-town discount clothing and homeware chain Matalan.
Career
John Hargreaves was born in January 1944 in Everton, the son of a docks labourer, one of eight children who all shared one bedroom in a Liverpool terrace house.[1][2]
Hargreaves left school at 14, went into the retail business when he was 16, and opened the first Matalan store in Preston in 1985.[1] Matalan has over 200 stores in the UK, and employs over 16,000 people. He resigned as chairman of Matalan in November 2007, less than a year after taking the company private.[3] His daughter Maxine purchased British womenswear retailer Fenn Wright Manson for an undisclosed sum on 28 March 2012.[citation needed]
According to The Sunday Times Rich List in 2019 his net worth was estimated at £600 million.[4]
Personal life
Hargreaves married aged 19, and has three children, Jason, Jamey, and Maxine.[1]
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.[5]
References
- ^ a b c Hounslea, Tara (26 November 2015). "The Drapers Interview: The man behind Matalan | The Drapers Interview". Drapersonline.com. Retrieved 19 May 2016.
- ^ "John HARGREAVES - Personal Appointments (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 19 May 2016.
- ^ Weston, Alan (19 November 2007). "Man who founded Matalan resigns". Liverpool Daily Post. Retrieved 27 October 2009.
- ^ "Sunday Times Rich List 2019: profiles 201-249".
{{cite web}}: CS1 maint: url-status (link) - ^ "John Hargreaves and The Commissioners for Her Majesty's Revenue and Customs" (PDF). Tribunals.gov.uk. Retrieved 19 May 2016.
Further reading
- Walsh, Fiona (11 October 2006). "From market trader to chairman of the board". The Guardian. Retrieved 27 October 2009.
- Judge, Elizabeth (26 October 2009). "Business big shot: John Hargreaves". The Times. Retrieved 27 October 2009.