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Rags to Rich List

By FashionUnited

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It's been a good year for high street guru Philip Green, who, according to The Sunday Times rich list 2003, is worth an estimated GBP1.85billion. Since buying fashion chain Arcadia group last September, profits are set to reach GBP 150m in the year to August 2003. The Arcadia Group, known to consumers as Top Shop, Top Man and Miss Selfridge are the envy of the high street with multiple outlets spread across the UK. Green, 51, who is no stranger to takeovers, bought BHS in 2000 and can expect the department store's profits to be in the range of GBP 1billion this year.

Next on the list of the richest in fashion are Lady Granchester and the Moores Family of Littlewoods. With an estimated fortune of GBP 1,255m, their retailing and mail order company was sold for GBP 750m last October.

Paul Smith, the most well known of British designers, is worth an estimated GBP 135m. Of his 11 shops, 81 franchise stores and 174 concessions worldwide, turnover is about GBP 233m a year.

Arcadia