Jacqueline Summers Gold is a British businesswoman who is Chief Executive of Gold Group International, Ann Summers and Knickerbox. Gold is estimated to be the 16th richest woman in Great Britain. Gold is worth £470 million, according to The Sunday Times Rich List in 2019.
Early life
Gold was born on 16 July 1960, the daughter of Beryl Hunt and businessman David Gold. Her father ran a publishing business which introduced sex magazines to the British high street. David apparently wept when Jacqueline was born to his first wife, because he wanted a son. She and her sister grew up in a spacious three-storey house with a large garden and a swimming pool at Biggin Hill, Kent. In August 2007, she was the main participant of the second episode of the BBC Radio 4 series, The House I Grew Up In, in which she described an unhappy childhood. Her parents separated when she was twelve years old.
Business career
After school, Jacqueline began working for Royal Doulton, but decided she did not want to go into management, and asked her father to help her gain some extra work experience. Having acquired the four stores of the Ann Summers chain in 1972, her father gave Jacqueline, at the age of nineteen, summer work experience in May 1979 – Jacqueline was paid £45 a week, less than the tea lady. Jacqueline also didn't like the atmosphere at Ann Summers, which was David Gold's "upmarket clean" sex shop. Gold says of her introduction: "It wasn't a very nice atmosphere to work in. It was all men, it was the sex industry as we all perceive it to be". But, a chance invitation and visit to a Tupperware party at an East London flat in 1981 changed everything – Jacqueline saw the potential of selling sexy lingerie and sex toys to women in the privacy of their own homes. Jacqueline launched the Ann Summers Party Plan – a home marketing plan for sex toys, with a strict "no men allowed" policy. This type of party, which provides women with a forum to meet and talk about sex, became so popular that such parties are now regarded as part of British popular culture; this format also provides the company with a convenient way of circumventing legal restrictions about displaying sex toys for sale. Gold was appointed CEO of Ann Summers in 1987, transforming it into a multi-million pound business, with a sales force today comprising more than 7,500 women party organisers, 136 high street stores throughout the UK, Ireland, and Channel Islands and generating an annual turnover of £117 million in 2008 although sales and profits have fallen in recent years. The reported sales for the period 2006/7 were down somewhat to £110 million. They have since fallen back to 2002/3 levels. The takeover of Knickerbox in 2000 added another five stores, with Knickerbox concessions in every Ann Summers store. Her autobiography Good Vibrations was published in 1995, with a second book A Woman's Courage published in April 2007, which led to Jacqueline being sued for libel by a former employee. A Woman's Courage was withdrawn from sale in November 2008 having been republished by Ebury on 7 February 2008 with three pages removed and re-titled Please Make it Stop. The High Court libel action was settled in August 2009 when the former employee was paid costs and substantial damages. Gold is a columnist for Retail Week, New Business, Kent Business, and Women Mean Business.
Media
In March 2008, Gold appeared in a celebrity edition of The Apprentice. She was a member of "The Girls" team, alongside The Hon. Kirstie Allsopp, Clare Balding, Louise Redknapp, and Lisa Snowdon. "The Girls" won the contest raising over £400,000 from ticket sales and sales on the night through a big event at one of their West End stores. Gold has been the subject of several documentaries including Back to the Floor, Ann Summers Uncovered, So What Do You Do All Day, Break with the Boss, and co-presented the daytime business series Mind your own Business on BBC One. She has also appeared on the ITV1 show , and in 2007, she was one of 12 well known individuals to serve on a jury in a fictional rape case in the BBC TV project The Verdict, which show received a number of mixed reviews.
Personal life
After an earlier failed marriage with an Ann Summers dancer, in 2002, she met Dan Cunningham, a City money broker, who is seventeen years her junior. The couple separated on New Year's Day 2006, after three failed IVF attempts, but reunited and later married in 2010 and have one child together. In May 2007, Jacqueline and her younger sister Vanessa took part in the justgiving.com charity moonwalk in Hyde Park, London In December 2010, a nanny working for Gold was charged with trying to poison her with screenwash. 33-year old Allison Cox who had been caring for Gold's daughter, Scarlett, was charged with three counts of administering poison with intent to annoy. In March 2011, Cox was jailed for twelve months after admitting administering poison with intent to annoy. GuildfordCrown Court heard Cox was trying to get the chef who prepared the food into trouble by lacing two bowls of asparagussoup with screenwash on 5 October 2010.
Recognition
In 2007, Gold was voted the second Most Powerful Woman in Retail by Retail Week, the Most Inspirational Businesswoman in the UK in a survey by Barclays Bank and handbag.com, one of Britain's Most Powerful Women by many publications including Cosmopolitan, Good Housekeeping, and Woman magazines, Business Communicator of the Year 2004, and was included in Debrett's People of Today from 2005 for her contribution to British society. Gold was appointed Commander of the Order of the British Empire in the 2016 New Year Honours for services to entrepreneurship, women in business, and social enterprise.
