Close Menu
moneysguide.com

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    US urges Americans to leave Iran as Trump weighs response to Tehran’s war-ending terms

    September 21, 2026

    Produits structurés : l’ombre des transactions frauduleuses plane sur l’AG de Leonteq

    September 21, 2026

    Here are the 3 big things we’re watching in the stock market this week

    September 21, 2026
    Facebook X (Twitter) Instagram
    Trending
    • US urges Americans to leave Iran as Trump weighs response to Tehran’s war-ending terms
    • Produits structurés : l’ombre des transactions frauduleuses plane sur l’AG de Leonteq
    • Here are the 3 big things we’re watching in the stock market this week
    • How designer Paul Smith built his luxury fashion brand
    • China’s Unitree Robotics stock falls by half in month after listing
    • Dow Jones Futures Rise: Can The Market Take Flight? Robinhood, Sandisk, AMD, Moderna Surge Into Buy Areas
    • Canada and France in talks to deepen ties while Macron also seeks oil and gas supplies
    • Healthcare PE’s real test is patients, not just returns
    moneysguide.com
    • Home
    • Business
      • Company News
      • Corporate Earnings
      • Entrepreneurship
      • Mergers & Acquisitions
      • Startups
    • Cryptocurrency
      • Altcoins
      • Bitcoin
      • Ethereum
      • Blockchain
      • DeFi
    • Economy
      • Global Economy
      • Government Policies
      • Inflation
      • Interest Rates
      • Recession
    • Finance
      • Personal Finance
      • Banking
      • Economy
      • FinTech
      • Investing
    • Forex
      • Forex News
      • Economic Calendar
      • Fundamental Analysis
      • Technical Analysis
      • Trading Signals
    • Investing
      • Dividend Investing
      • ETF Investing
      • Growth Investing
      • Portfolio Management
      • Value Investing
    • Stock Market
      • Asian Stocks
      • Earnings Reports
      • European Stocks
      • IPOs
      • US Stocks
    moneysguide.com
    Home»Stock Market»European Stocks»How designer Paul Smith built his luxury fashion brand
    European Stocks

    How designer Paul Smith built his luxury fashion brand

    AdminBy AdminSeptember 20, 2026No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In Paul Smith’s new memoir, Threads, My Life in Style, he recalls how he went to his deserted offices during the Covid lockdown dressed in a suit in an effort “to make life seem more normal”. There he found 18 containers of milk burst on the floor and spent three hours mopping it up. He found himself thinking: “I wonder if my friend Giorgio Armani is doing something like this now? Or Tom Ford?” When he recounted this to his colleagues, “they all said the same thing: ‘Oh no! Only Paul Smith…’”. He took it as a compliment.

    Smith’s “can-do” attitude and infectious “joie de vivre” have always been a feature of his work, says the Financial Times. He’s “the perfect ambassador for the soft power of tailoring – both in person and as founder and designer of his namesake business”. The atmosphere around him is one of such “merry eclecticism and creativity” that it’s hard to believe he turned 80 in July.

    Paul Smith on opening his first ‘boutique’ in 1970

    Smith – who opened his first shop in Nottingham in 1970 – declares he doesn’t think of the birthday as a milestone because “if you put too much importance on it, it becomes a burden. Like: ‘Oh, I’m old now.’” Smith remains in charge of his destiny. The business, which now has about 120 shops around the world, remains independent and he is the majority shareholder with a 69.5% stake. Tailoring remains Paul Smith’s “north star” and the label has recently been emphasising the “practical” qualities of the suit – dubbing its latest men’s collection, shown in Milan in June, “Suits in Unsuitable Situations”. Fashions change and cycles come and go – recent years have been as punishing for Paul Smith as any other luxury brand. But the bread-and-butter business is still socks: “the brand sells 700,000 pairs a year”.

    Try 6 free issues of MoneyWeek today

    Get unparalleled financial insight, analysis and expert opinion you can profit from.

    Start your trial

    Sign up to Money Morning

    Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

    Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

    “I always joke that I used to think VAT was vodka and tonic,” Smith says of his own business acumen as a young entrepreneur. It’s one reason why he set up the Paul Smith Foundation to offer practical advice to people in the creative industries. But in fact, clothes were in his blood. His father, Harold, sold clothes and linens door to door on credit. Born in 1946 in Nottingham, Paul Smith left school at 15 with no qualifications and began working in a clothing warehouse as an errand boy, says Vogue. At 17, a serious accident put an end to his cycle-racing ambitions, but the upside of a six-month stint in hospital was that he made friends with the local art-school crowd, who introduced him to the world of art and fashion. After taking courses in tailoring, encouraged by his artist wife Pauline, Smith opened his first “boutique” in 1970 in a tiny back room in the city centre, says The Guardian.

    The secret to Paul Smith’s success

    The 1970s were an exciting time to be building a fashion brand. Having made his name in London, Smith opened a shop in New York and was soon hanging out with the Studio 54 crowd – selling suits to Jack Nicholson and David Bowie. A big fan of the work of Yves Saint Laurent, a seminal moment for him was the launch of “Le Smoking”, the first woman’s tuxedo from a major couture house. His own moment came when “suits got a boost thanks to the Big Bang in the 1986”, says the FT. Young urban professionals would head to Smith’s shop in Covent Garden and find “Prince of Wales checks made with innovative colours and unexpected jacket linings”. They might also pick up a Filofax – one of the first of the many design objects that Smith has sourced or collaborated on over the years.

    In the 1990s, the brand peaked, says The Guardian. “We’re definitely not as relevant as we used to be,” says Smith of the brand’s recent struggles, but “my company motto is ‘never assume’ and that’s helped me enormously over the years”. Longevity, he concludes, is about hard work, reassessing and never thinking you’ve “made it”. “Nobody cares how good you used to be.”


    This article was first published in MoneyWeek’s magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription.

    Brand Built designer fashion luxury Paul Smith
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Admin
    • Website

    Related Posts

    ‘Infrastructure is no longer a sleepy income play’

    September 19, 2026

    Can Baltic Classifieds boost your portfolio?

    September 18, 2026

    These 21 investment trusts have raised dividends for 20 years or more

    September 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    ‘The Odyssey’ fuels demand for Imax 70 mm screenings

    July 25, 202656

    Vietnam's 10% growth drive runs into economic realities

    July 30, 202616

    Has OpenAI already quietly hit pause on some AI development?

    July 30, 202612

    15 Passive Income Ideas That Actually Work in 2026

    August 13, 202611
    Don't Miss

    US urges Americans to leave Iran as Trump weighs response to Tehran’s war-ending terms

    By AdminSeptember 21, 20260

    US urges Americans to leave Iran as Trump weighs response to Tehran’s war-ending terms !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}…

    Produits structurés : l’ombre des transactions frauduleuses plane sur l’AG de Leonteq

    September 21, 2026

    Here are the 3 big things we’re watching in the stock market this week

    September 21, 2026

    How designer Paul Smith built his luxury fashion brand

    September 20, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us

    Welcome to MoneysGuide.com—your trusted source for the latest news, insights, and updates from the world of finance.

    Our mission is to make financial information accessible to everyone. Whether you're an investor, trader, entrepreneur, or simply interested in global markets, we provide timely coverage of the topics that matter most.

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    US urges Americans to leave Iran as Trump weighs response to Tehran’s war-ending terms

    September 21, 2026

    Produits structurés : l’ombre des transactions frauduleuses plane sur l’AG de Leonteq

    September 21, 2026

    Here are the 3 big things we’re watching in the stock market this week

    September 21, 2026
    Most Popular

    ‘The Odyssey’ fuels demand for Imax 70 mm screenings

    July 25, 202656

    Vietnam's 10% growth drive runs into economic realities

    July 30, 202616

    Has OpenAI already quietly hit pause on some AI development?

    July 30, 202612
    © 2026 MoneysGuide.com. All Rights Reserved.
    • Privacy Policy
    • Terms and Conditions
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.