The 2003 management buyout of Jane Norman, the London-based fashion chain, netted about £60m for sisters Goldberg, 52, and Phillips, 53. They owned all the shares in the company founded by their father, Norman Freed, in 1952. He named it by combining his mother’s first name with his own.
In 2005 the business was sold again to the acquisitive Icelandic group, Baugur, for £117.4m, but the low-profile sisters did not make anything from that deal.