Peter Simon (businessman)

Last updated
Peter Simon
Born
Peter Simon

August 1949 (age 76)
Ceylon (now Sri Lanka)
OccupationBusinessman
Known forFounder of Monsoon Accessorize
Spouse
Kate Simon
(m. 1977;div. 2000)
Children6 (4 with Kate Simon)

Peter Simon (born August 1949) [1] is a British businessman and art collector who is the founder and owner for over 50 years of leading British fashion retailer Monsoon and Accessorize. A pioneer of the women's fashion dating back to the early 1970s, Simon founded one of the UK's most successful fashion brands back in the early 1970s.

Contents

Early life

Born in Sri Lanka, he was educated at boarding school before going on to live in a naturist community in Ibiza. [2]

On a road trip from London to Rajasthan, India via Turkey, Iran and Afghanistan, he has said he was inspired by the colour and local fashion. [3]

Career

After failing A-levels, Peter Simon worked as a seller of frozen fish fingers for Bird's Eye to travel the world in the late 60s, inspired by the hippie movement he decided to start selling hippie clothing.

Simon's clothing empire started with a stall in London's Portobello market in the 1970s. In 1973, Simon started out selling woollen coats from Afghanistan that he had bought for £1,000 on Portobello Market, London using the money from the sale of these coats to open his first Monsoon store in Knightsbridge in 1973. The name was chosen because Simon was born in Sri Lanka during the monsoon. . [4] A year later Simon opened Monsoon's first physical outlet in Beauchamp Place, London. [5]

The retail chain was originally known for retailing hippie clothes before Simon re-positioned the company as a mainstream female fashion brand. [6]

In 1984, Simon opened the first branch of accessories retailer Accessorize. [3]

In 1989, Simon floated the combined company. [6]

In 2007, Simon bought back all shares in the company held by external investors to become 100 percent owner. He had previously tried to acquire these shares in 2003 and 2004. [7]

In 2014, Simon invested in homewear brand Loaf. [8]

In 2020, during the COVID-19 Pandemic, Monsoon went into bankruptcy and was then bought out from the Holding company Adena Brands by Simon. [9]

According to The Sunday Times Rich List in 2019, Simon has a net worth of £480 million. [10]

Personal life

He married Kate Simon in 1977 and was married to her for 23 years. [11] The couple divorced in 2000. [12] On 30th September, 2017, his son George Simon, a property developer, was killed after his Porsche Turbo 911 left the road and collided into a tree at North Marden, near Chichester. [4] Simon was left devastated by the death of his eldest son. George was just 32 years old at the time.

Simon had previously dated actress Jane Seymour [2] in the mid 1970s. They dated following a photo shoot in India shortly after Seymour filmed the 1973 Bond film Live and Let Die, but the relationship did not last. Simon has six children, of whom 4 are with Kate Simon his first wife (George, Jessica, Zara, and Camilla) and 2 children are with a much younger woman and were born after his first marriage had ended. [2]

A contemporary art collector, he is a trustee of the Tate Gallery. [13] He started the Monsoon Art Collection in 2000. [14]

In 2015, it was reported that he was planning to knock five homes into one in Chelsea, London, which was met with local dissent. [15]

In 2023, at the age of 77, Simon celebrated 50 years of fashion with Monsoon, as reported in the Guardian. [16] where in celebration of its 50 years, he created a Monsoon pop-up vintage shop down the road from Monsoon's original Portobello Road market store.

References

  1. "Peter SIMON - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 13 February 2019.
  2. 1 2 3 Mills, Eleanor (6 January 2013). "Many hippie returns". The Sunday Times. ISSN   0956-1382 . Retrieved 13 February 2019.
  3. 1 2 Killgren, Lucy (28 September 2007). "Troubled waters divide Monsoon and City". Financial Times. Retrieved 31 May 2019.
  4. 1 2 "Monsoon boss Peter Simon heartbroken by death of son". HELLO!. 6 October 2017. Retrieved 13 February 2019.
  5. "Second-attempt at float to value Monsoon's founder at pounds 300m" . The Independent. 17 December 1997. Archived from the original on 26 May 2022. Retrieved 31 May 2019.
  6. 1 2 "Unorthodox style serves Monsoon well". Financial Times. 28 September 2007. Retrieved 13 February 2019.
  7. Kollewe, Julia (28 September 2007). "Monsoon founder wins fight to go private". The Guardian. ISSN   0261-3077 . Retrieved 13 February 2019.
  8. "Monsoon founder invests in Loaf". www.furniturenews.net. Retrieved 13 February 2019.
  9. "Monsoon accessorize bought by founder" . Retrieved 13 February 2019.
  10. "Login". login.thesundaytimes.co.uk. Retrieved 13 February 2019.[ dead link ]
  11. ""After the Monsoon; Peter and Kate Simon Created Monsoon and Accessorize. Now It's Their Daughters' Turn to Sparkle on the Silk Route, Says Tara Fischer" - The Evening Standard (London, England), November 4, 2005". Archived from the original on 14 February 2019.
  12. Helliker, Adam (26 August 2007). "A stormy time, Mr Monsoon". Express.co.uk. Retrieved 13 February 2019.
  13. "No sharks, please, we're British". The Economist. 6 December 2001. ISSN   0013-0613 . Retrieved 13 February 2019.
  14. "Peter Simon -". ARTnews. 10 September 2017. Retrieved 13 February 2019.
  15. Sawer, Patrick (27 October 2015). "Monsoon owner's mega-basement angers neighbours". ISSN   0307-1235 . Retrieved 13 February 2019.
  16. Sawer, Patrick (14 May 2023). "on the hippy trail peter simon on 50 years of fashion". ISSN   0307-1235 . Retrieved 24 December 2025.