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PRIVACY
Retail & Consumer

Rich List 2015: No.19 - James Holder

James Holder began his career in fashion 24 years ago when he sold T-shirts from the back of his mother's car at BMX events.

James Holder

Fashion
2015: No.19 - £175m
2014: No.23 - £140m

fashion retailer – the company he founded with Julian Dunkerton and Theo Karpathios in 2003 - is worth well over £1.3 billion.

After a big drop in share price in 2012, the Chelthenham-based fashion chain is seeing encouraging growth in its online businesses. The company has pushed its sales up to £431 million for 2013-14 compared to £360.4 million the previous year.

The group, which owns the Superdry brand, increased its profits to £61.5m compared to £51.9 in 2012-13. Results from the first half of the current year show a further increase at the pre-tax level, largely because the impact of one-off charges the previous year. However, a warm autumn and early winter has taken its toll of the autumn/winter fashion range, so underlying profits for the first half of the year to October are down by 32 per cent. New chief executive Euan Sutherland, who joined the in October, is reviewing operations to reverse the decline.

The company upset its investors and suffered a self-inflicted drop in share price in the summer of 2012. For a while it had a torrid time in the markets after putting out a profits warning which resulted in a 38 per cent drop in share price.

As it turned out, the warnings were over-pessimistic and profits and revenue for that year were actually up on the previous year.

The group is looking to expand further in Europe and is working with Clipper Logistics to operate its 500,000 sq ft distribution centre in Burton-on-Trent. º£½ÇÊÓÆµ expansion continues. In May, – a 6,000 sq ft unit in the city’s Victoria Centre – on a ten-year lease.

James Holder began his career in fashion 24 years ago when he sold T-shirts from the back of his mother’s car at BMX events.