Stephen Rubin

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Stephen Rubin
OBE
Born Robert Stephen Rubin
December 1937 (age 86)
Nationality British
Education Canford School
Alma mater University College, London
Occupation Chairman of Pentland Group
Net worth GB£1.23 billion (2015)[1]
US$1.75 billion (February 2016)[2]
Spouse(s) Angela Rubin
Children 4
Parent(s) Berko and Minnie Rubin

Robert Stephen Rubin OBE (born December 1937), is a British businessman. He is the chairman, and co-owner (alongside members of his family) of Pentland Group, the holding company for a number of sporting goods companies.

Early life

Robert Stephen Rubin was born in December 1937.[3] After attending Canford School in Dorset, Rubin graduated from University College, London in 1958 with a degree in law, with the intention of becoming a barrister.[4]

Career

After he unsuccessfully stood for the House of Commons as a Liberal parliamentary candidate in 1959, aged 21,[4][5] he joined the Liverpool Shoe Company, founded by his parents, Berko and Minnie Rubin.[4][6] He was joint managing director with his father for 10 years until his father's death in 1969, when he took the role of chairman.[4]

Rubin transformed the company, renamed Pentland Group in 1973,[4] into the UK's largest sports apparel and footwear company,[7] owning a number of brands including Berghaus, Brasher, Ellesse, Hunter, Mitre and Speedo, amongst others. It is also the majority owner of JD Sports Fashion plc.[8] Its success largely came from an investment in August 1981, acquiring 55% of Reebok for US$77,500. By 1983/84, Reebok accounted for 70% of Pentland's turnover. Pentland's shares rose from 55p at the start of 1984 to GB£3 at the end of the year and up to GB£10 in 1985, while profits rose from GB£1 million in 1983 to GB£12.9 million in 1985.[9] Rubin then sold off Pentland's stake in Reebok for US$770m in 1991.[4][5][8]

Rubin was chairman and chief executive of Pentland until 1998 when he split his role and appointed his son, Andrew, chief executive, retaining the post of chairman.[6]

Rubin took Pentland private in 1999 to focus on longer-term investments.[7] However, it appears that City institutions were unhappy with the way Rubin was running the company, which had underperformed the market by 40% since it floated in 1989.[6]

Rubin served as World Chairman of the Textile Institute from 1994 to 2006. From 1995 to 1998 and again from 1999 to 2001, he was president of the World Federation of the Sporting Goods Industry.[10] He is also a Board Member of the Brussels based organization CEJI - A Jewish Contribution to an Inclusive Europe.[citation needed]

Honours and awards

Rubin was appointed OBE in the 2003 New Year's Honours List for services to business and human rights.[11] The International Jewish Sports Hall of Fame honoured him with the 2008 Lifetime Achievement Award.[12] On 21 July 2010, Rubin was awarded an honorary Doctorate of Art (DArt) by Nottingham Trent University[13]

Personal life

According to the Sunday Times Rich List 2013, Rubin and his family have an estimated fortune of GB£1.12bn.[14]

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 Lua error in package.lua at line 80: module 'strict' not found. (subscription required)
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found. (subscription required)
  6. ↑ 6.0 6.1 6.2 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ The London Gazette: (Supplement) no. 56797. p. 12. 31 December 2002. Retrieved 13 December 2013.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
Retrieved from "https://infogalactic.com/w/index.php?title=Stephen_Rubin&oldid=705351119"