Galen Weston and his sister Camilla Dalglish have stepped down from their director roles at Fortnum & Mason, the family business their father purchased in 1951.
Weston had been a director of Fortnum’s, a department store and luxury grocers based in London, since 1991.
A company spokeswoman told CampdenFB that the siblings had retired, but refused to comment on whether the move was an attempt to reduce family influence at the business.
Weston, who is worth an estimated $7.1 billion (€5.18 billion) according to Forbes, is head of upmarket department stores Selfridges, based in the UK, and Ireland’s Brown Thomas.
Through the family’s holding company, the 71-year-old also has a controlling interest in Loblaw Companies, Canada’s largest food retailer.