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The billionaire was born in Glasgow, where he set up his first showroom in 1954. A statement said he had passed away peacefully, "surrounded by his family". It added that Sir Arnold, who was knighted in 2004, was "an inspiration" and said "the family will continue to carry on his vision". He was confirmed as Britain's first billionaire car dealer in the Sunday Times Rich List in 2016. The company which bears Sir Arnold's name has 200 dealerships across the UK, with more than 18,000 new and used cars in stock. It posted profits of 107.2m in 2014 on sales of 3.2bn. Sir Arnold founded the business after leaving the Royal Air Force in the early 1950s. He used his demob money to buy a Morris Ten-Four for just 70. Having restored the car to its former glory and sold it on for a profit, he began to buy and sell cars.
More JD Sports' stock has stormed to record highs after the sportswear retailer smashed analysts' forecasts with an 80pc leap in profits and drew a line under a controversy relating to conditions atits main warehouse. Peter Cowgill, executive chairman, said the sportswear revival was a "cultural shift" that was driven by "Instagram, selfies and a rising gym culture". "There are more low-cost budget gyms than ever before and people have become more casual," he said. "You see them wearing trainers in urban bars and restaurants". JD Sports posted an 81pc jump in pre-tax profits to 238.4m for the52 weeks ended January 28,compared to 131.6m in the previous year. Sales rose by a third to 2.4bn from 1.8bn, helped by 53 new shops openingacross Europe. View photos JD Sports stocks exclusive ranges from brands including Ellesse, Reebok and Nike More It also opened two more stores in Malaysia, while its first Australian outlet is due to open shortly. JD Sports is now worth two and a half times as much as arch-rival Sports Direct, controlled by Mike Ashley, who threatened to "finish off" the sportswear chainsix years ago. The reversal in fortunes was not lost on Mr Cowgill, who said that he had believed it was a "throwaway remark that I always took with a pinch of salt... he didn't get it quite right, though". Analysts have highlighted the growing gulf between JD Sports and Sports Direct, which failed to spot and take advantage of the booming athleisurewear trend. Whilst the trainer trend tailwind has been off the Beaufort scale, JD has sailed it skilfully," said Peel Hunt analyst Jonathan Pritchard. The results are an example of what the right product, well merchandised can achieve in the current environment." View photos JD Sports branding at the Anthony Joshua fight More Mr Cowgill said that he thought there would be inflationary pressures as a result of the weaker pound, but that he believed price rises would mainly come fromtrainer brandsintroducing new technology.
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Campaign face. Television Host. Philanthropist. Now Joan Smalls can add executive to her resume. W Hotels Worldwide today officially announced the appointment of Joan Smalls as the iconic lifestyle brand's first ever Global Fashion Innovator, a newly created position in which the supermodel will help create, shape and innovate W's global fashion platform around the world. From special appearances and one-of-a-kind collaborations to exclusive in-room and digital content, Smalls will add her signature style and discerning taste to the W Hotel guest experience. View photos "I am thrilled to be named the first ever Global Fashion Innovator of W Hotels," says Joan Smalls. "It is a dream job of mine to be able to combine two of the things I love the most: travel and fashion. W Hotels - and their incredible line up of hotels around the world - is the perfect partner for such a collaboration. I'm excited to share my passions, tips and personal style with W guests." Smalls' quietly announced her role at a private party to celebrate the launch of W Dubai in August. Since then, she has been working intimately with the W Hotels team on a series of initiatives that will roll out in 2017.
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