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In the late 1970s, he co-launched the fashion chain Warehouse, as well as continuing to work as a freelance designer.
Born in Ebbw Vale, Wales, Banks co-founded the fashion chain Warehouse in the late 1970s.
This resulted in high street chains Warehouse and Principles, and catalogue retailers Hawkshead and Racing Green, being transferred from Arcadia to Rubicon.
From his first venture as Kings Road boutique owner in the 1960s, he started the fashion chain Warehouse, launched the stylish mail-order catalogue Bymail, and went on to present the extremely successful Clothes Show programme on TV.
Principles remained part of Arcadia Group until 2001, when it was sold off (along with catalogue brands Racing Green and Hawkshead, and young upmarket fashion chain Warehouse) in a management buyout deal which led to the creation of Rubicon Retail.