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.
Hargreaves left school at 14, went into the retail business when he was 16, and opened the first Matalan store in
Preston
Preston is a place name, surname and given name that may refer to:
Places
England
*Preston, Lancashire, an urban settlement
**The City of Preston, Lancashire, a borough and non-metropolitan district which contains the settlement
**County Boro ...
in 1985.
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. His daughter Maxine purchased British womenswear retailer Fenn Wright Manson for an undisclosed sum on 28 March 2012.
According to The ''
Sunday Times Rich List
The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and published as a magazine supplement by British national Sunday news ...
'' in 2019 his net worth was estimated at £600 million.
Personal life
Hargreaves married aged 19, and has three children, Jason, Jamey, and Maxine.
Hargreaves resides in Monaco with his wife. Alleging non-residence in the UK from March 2000, he claimed that he was not liable to
capital gains tax on a gain of £231 million arising on the disposal of Matalan shares in May 2000. This claim was resisted by
Her Majesty's Revenue and Customs
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and the matter was litigated. Hargreaves subsequently accepted that he was not in fact non-resident in 2000/01 and his appeal was dismissed
ohn Hargreaves v HMRC [2022UKUT 00034 (TCC)">022.html" ;"title="ohn Hargreaves v HMRC [2022">ohn Hargreaves v HMRC [2022UKUT 00034 (TCC) This meant he could be liable to pay up to £135m.
References
Further reading
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{{DEFAULTSORT:Hargreaves, John
1944 births
British billionaires
British retail company founders
Businesspeople from Liverpool
English businesspeople in fashion
Living people
[
ategory:English expatriates in Monaco