David joined a
scrap metals business while Simon started out in carpets. Simon went on to buy out England's oldest carpet company from the receivers and made enough money from it to start investing in property, with early investments on
Walton Street and the King's Road in
Chelsea. The brothers increased their wealth during the 1970s and 1980s in metals and property trading.
Metals business In the early 1990s, the brothers invested in the Russian metals market. When Russian aluminum
smelters were incapacitated by debt, Reuben's company
Trans-World entered into tolling arrangements with factories in which they paid for and delivered raw materials in return for finished aluminum, which it then sold for profit. The company's investment in Russia was 1.5 billion (870 million), with global sales in 1995 above 8 billion. The brothers were involved with several members of the country's new
oligarchy, including
Roman Abramovich.
Real estate UK properties owned by the Reuben Brothers include:
Millbank Tower; the
John Lewis Partnership headquarters in
Victoria; the
American Express offices also in Victoria; Carlton House
SW1; Academy House on
Sackville Street; Connaught House on
Berkeley Square; Market Towers; the London Primark store on Oxford Street;
Sloane Street shops; and
Cambridge House, the former premises of the
Naval and Military Club,
Aldersgate Investments The Reuben Brothers invested in luxury leisure group
Belmond Ltd in 2007, and sold their share in 2019 for £233 million. Other holdings include
Travelodge Hotels; D2 Jeans and
Blue Inc clothing retailers, with retailer
Sir Stuart Rose; Luup and
Metro Bank; The Wellington Pub Company, the largest free-of-tie pub estate in the UK with approximately 850 tenanted pubs; Global Switch, the carrier data centre provider in Europe and the Asia-Pacific region; and a joint venture with
British Marine, that in 2014 had eight vessels with plans to double the fleet size. The
Premier League initially refused to ratify the deal, and Mike Ashley engaged in legal proceedings against the Premier League to complete the takeover. On 7 October 2021, the Premier League approved the buy-out, stating that it has "received legally binding guarantees that the Kingdom of Saudi Arabia will not control the Newcastle United club". The buy-out deal involved the Saudi Public Investment Fund taking up 80% of Newcastle United shares, while the Reuben Brothers and PCP Capital Partners each took 10% of the remaining shares.
Arena Racing Company Arena Racing Company, also called
ARC Racing and Leisure Group is a UK private company, created in 2012 by the merger of
Arena Leisure and
Northern Racing. It owns and operates 16
racecourses in Great Britain, accounting for 39% of British racing fixtures.
Entertainment On 19 August 2024, Reuben Brothers acquired a strategic stake in
EDGLRD, an entertainment company founded by filmmaker
Harmony Korine. ==Controversial statement by London mayor==