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"David Reiss: Top retailer is well suited to the high street buzz". ^ 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."Reiss sold to US private equity firm | Business". Archived from the original on 30 April 2009. "Reiss Finds Niche with Midrange, Urban Chic". Archived from the original on 26 October 2012. "David Reiss, founder of retail powerhouse Reiss". ^ "REISS LIMITED - Officers (free information from Companies House)".David's eldest daughter Ali was involved in the business for many years before leaving in her 30s to concentrate on her children. 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.
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Reiss is married to Rosemary Reiss they have three children: Ali, Debbie and Darren, and lives in Hampstead, London. In April 2016, a majority stake was sold to the American private equity firm Warburg Pincus for £230 million. Additional stores opened in Short Hills, New Jersey and Boca Raton, Florida. 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, including stores in Boston, San Francisco, Washington, D.C., and Los Angeles. 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.
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Today Reiss is the last big owner-founder entrepreneur left in British retail. Career ĭavid 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. His family were members of the orthodox Raleigh Close (Hendon United Synagogue). 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. Some famous brands only saw success after changing their names.ĭid you know that 'Google' was once called 'BackRub', 'Pepsi' was 'Brad's Drink' and 'Nike' was 'Blue Ribbon Sports'?īelow are some other famous brands which changed their names:ĭavid's and Jerry's Guide to the World Wide Webįor more stories from where you live, visit InYourArea.David Anthony Reiss was born to a Jewish family in May 1943. Why not try your hand at the rest of the top 20? How do you pronounce. These two get excited about everything!Ĭlick here to sign up to The Secret Elves Club. How would you like to join The Secret Elves Club, a community of more than 100,000 Elves who get excited about Christmas, Easter, Halloween, Bonfire Night and everything in between?Įach week, this lucky bunch of Elves receive the best shopping deals and money saving tricks and tips direct to their inbox.īy signing up you will receive a newsletter from our two resident elves, Elf Alan and Elf Amy.