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Lady Smith*

Smith has opened his second store in New York just as his long-time Japanese licensee Itochu bought a 40% stake in the brand. It was Lady Smith, 66, and business partner, John Morley, who sold their shares. In Britain, Paul Smith (Holdings) showed a £14.4m profit on £100m sales in 2004-05. Overseas operations take overall sales to £265m, which values the business at £300m. Smith, 60, has a stake worth £180m, and the couple have other wealth.