# Andrew Regan > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Andrew_Regan > Markdown URL: https://mediated.wiki/source/Andrew_Regan.md > Source: https://en.wikipedia.org/wiki/Andrew_Regan > Source revision: 1340395228 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|British-born polar explorer and entrepreneur}} {{Use dmy dates|date=February 2021}} {{Infobox person | name = Andrew Regan | image = | caption = | birth_date = {{Birth date and age|df=yes|1965|12|14}} | birth_place = [Manchester](/source/Manchester), [England](/source/England), UK | employer = [Corvus Capital](/source/Corvus_Capital) | occupation = [Entrepreneur](/source/Entrepreneur) | title = [Chief Executive Officer](/source/Chief_Executive_Officer) | children = Eight }} '''Andrew Regan''' (born 14 December 1965, in [Manchester](/source/Manchester), [England](/source/England)) is a British-born [polar explorer](/source/polar_explorer){{cite web|last=Moon-Regan Trans Antarctic Expedition|title=Moon-Regan Trans Antarctic Expedition|url=http://www.transantarcticexpedition.com}}{{cite press release|title=UK team claims fastest land crossing of Antarctica|work=BBC News|date=9 December 2010|url=https://www.bbc.co.uk/news/science-environment-11965012|location=Antarctica|author=Unknown}} and [entrepreneur](/source/entrepreneur). He is the [chief executive officer](/source/chief_executive_officer) of '''Corvus Capital''', an investment company.{{cite press release|title=Aim profile: Andrew Regan|work=The Telegraph|date=3 September 2007|url=https://www.telegraph.co.uk/finance/markets/marketreport/2815081/Aim-profile-Andrew-Regan.html|location=London|first=Ben|last=Bland|accessdate=27 April 2014}} ==Career== ===Hobson=== Early in his career, Regan ran a household products business, Cadismark, which was sold to Hobson plc in 1991.{{Cite news|url=https://www.independent.co.uk/news/business/hobson-to-buy-coops-food-producer-for-pounds-111m-regan-to-triple-size-of-household-products-company-1373169.html |archive-url=https://ghostarchive.org/archive/20220507/https://www.independent.co.uk/news/business/hobson-to-buy-coops-food-producer-for-pounds-111m-regan-to-triple-size-of-household-products-company-1373169.html |archive-date=7 May 2022 |url-access=subscription |url-status=live|title=Hobson to buy Co-op's food producer for £111m: Regan to triple size of household products company|work=The Independent|date=29 April 1994|author=Russel Hotten|location=London}}{{cbignore}} Following the sale, he became the chief executive of Hobson, which was [listed](/source/listed_company) on the [London Stock Exchange](/source/London_Stock_Exchange). In 1994, Hobson acquired F.E. Barber, the food and drinks manufacturing operation of the [Co-operative Wholesale Society](/source/The_Co-operative_Group).{{Cite news|url=http://www.thegrocer.co.uk/articles.aspx?page=articles&ID=100326|accessdate=3 December 2009|date=5 March 2005|title=Regan matter is now closed|work=[The Grocer](/source/The_Grocer)}} Regan was responsible for developing the [Loyd Grossman](/source/Loyd_Grossman) range of sauces which were manufactured by F.E. Barber. After rationalising the operation, Hobson was acquired in 1996 by Hillsdown Holdings for £154 million, through a recommended cash [takeover](/source/takeover). ===Co-operative Wholesale Society (CWS)=== In 1997 Regan led an attempt to gain control of the [CWS](/source/The_Co-operative_Group) in a £1.2 billion take-over bid which was rejected. As part of its bid defence, the CWS carried out an investigation into former dealings between certain CWS executives and Regan.{{cite press release|title=Andrew Regan acquitted of theft of £2.4 million |publisher=[Serious Fraud Office](/source/Serious_Fraud_Office_(United_Kingdom)) |date=6 August 2003 |url=http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2003/andrew-regan-acquitted-of-theft-of-%C2%A324-million.aspx |archive-url=https://web.archive.org/web/20091211173101/http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2003/andrew-regan-acquitted-of-theft-of-%C2%A324-million.aspx |url-status=dead |archive-date=11 December 2009 |accessdate=8 January 2008 }} In 1995 Regan had authorised the transfer of £2.4 m from F.E. Barber which he maintained he provided to an intermediary as a brokerage fee for successfully resolving the deadlock between the CWS and Hobson in negotiations about extending a food supply contract; the [Serious Fraud Office](/source/Serious_Fraud_Office_(United_Kingdom)) (SFO) maintained that the transfer was used by the intermediary to provide a bribe to two senior CWS executives in order to extend the contract. Regan's first trial resulted, in 2002, in a [hung jury](/source/hung_jury) and a retrial was ordered. This retrial in 2003, ended when a juror alleged he was approached by an unknown party.{{cite press release|title=SFO under fire after Regan acquitted in Co-op theft case|work=[The Independent](/source/The_Independent)|date=6 August 2003|url=https://www.independent.co.uk/news/business/news/sfo-under-fire-after-regan-acquitted-in-coop-theft-case-758645.html|accessdate=15 July 2010|quote=The second trial, earlier this year, was halted amid suggestions that the jury might have been subject to improper approaches by an unknown party.}}{{dead link|date=August 2021|bot=medic}}{{cbignore|bot=medic}}{{cite news|url=https://www.telegraph.co.uk/finance/2859879/Regan-walks-free-but-faces-Co-op-challenge.html|title=Regan walks free but faces Co-op challenge|accessdate=14 July 2010|last=Aldrick|first=Philip|date=7 August 2003|work= [The Daily Telegraph](/source/The_Daily_Telegraph)|location=London}}{{cite news|url=http://news.independent.co.uk/business/news/article99756.ece|archive-url=https://archive.today/20131201052036/http://news.independent.co.uk/business/news/article99756.ece|url-status=dead|archive-date=1 December 2013|title=The Thing Is: Andrew Regan|accessdate=11 January 2008|last=Tomlinson|first=Heather|date=10 August 2003|work=[The Independent](/source/The_Independent)|location=London}} At the second retrial (also in 2003), Regan was [acquitted](/source/Acquittal) with the judge noting that he was minded to order the SFO to pay Regan's [defence costs](/source/defence_costs). In 2005, the Co-operative Group (successor to the CWS) received what it described as a "substantial payment" as part of an out-of-court settlement with Regan and others in a civil case relating to the accusations.{{Cite news|url=http://news.coop/news/Miscellaneous/562 |archive-url=https://web.archive.org/web/20110718162130/http://news.coop/news/Miscellaneous/562 |url-status=dead |archive-date=18 July 2011 |title=Regan's out-of-court settlement with Co-op Group |date=18 February 2005 |work=[Co-operative News](/source/Co-operative_News) |accessdate=15 July 2010 }} ===ASOS plc=== Regan was the original financier behind the online fashion retailer [ASOS plc](/source/ASOS.com), which is now the UK's largest independent online fashion retailer.{{cite news|last=Nick Robertson was anticipating a bumper Christmas for online fashion retailer Asos|title=Boom time to... Buncefield|url=https://www.theguardian.com/technology/2005/dec/18/news.buncefieldfueldepotfire2005|work=[The Guardian](/source/The_Guardian)|location=London|date=18 December 2005}}{{cite news|last=Fletcher|first=Richard|title=With no shopping list in sight putting money in Vallares is more a gamble than an investment |url=https://www.telegraph.co.uk/finance/comment/richardfletcher/8583122/With-no-shopping-list-in-sight-putting-money-in-Vallares-is-more-a-gamble-than-an-investment.html|work=[The Daily Telegraph](/source/The_Daily_Telegraph)|location=London|date=20 June 2011|quote=For example ASOS, the online fashion retailer and stock market darling, was brought to the market by financier Andrew Regan, who reversed it into a shell.}} He invested £2.3 million in seed capital at the company’s inception and was described as the “creative arm” of the business during its formative period.{{cite news |last= |first= |title=Quentin Griffiths obituary |url=https://www.thetimes.com/uk/obituaries/article/quentin-griffiths-obituary-co-founder-asos-wpzbzhbvm |work=The Times |date=2023 |access-date=24 February 2026 }} As Seen on Screen, as it was then known at listing, was reversed into Brindle Limited, a shell company created by a consortium of fellow Monaco investors that included Nigel Robertson.{{cite web|author=Richard Fletcher |url=https://www.thetimes.co.uk/tto/business/industries/technology/article4110427.ece |title=Darling of the dotcoms was a born survivor |publisher=thetimes.co.uk/ |date=2014-06-06 |access-date=2014-07-01}} The AIM listing raised only £255,000 (£95,000 after expenses) and had a market capitalisation of £12m when listed on the AIM Market in 2001, growing to £4.36bn in 2017.{{cite web|last=Based on SP of 52.25 GBp|title=London Stock Exchange Website|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB0030927254GBGBXAMSM.html|accessdate=16 February 2017}} ===Corvus Capital=== Regan became the [chief executive officer](/source/chief_executive_officer) of Corvus Capital, an international investment company, in 2004 - a position he still assumes.{{cite web|url=http://corvus.com/index.php/overview/people/andrew_regan/ |title=Andrew Regan - Chief Executive |accessdate=10 June 2011 |work=corvus.com |url-status=dead |archive-url=https://web.archive.org/web/20111010215622/http://corvus.com/index.php/overview/people/andrew_regan/ |archive-date=10 October 2011 }} Corvus was established to identify assets or companies which are either underperforming or undervalued. The management team attempt to acquire or tactically reposition such companies in order to realise potential value. Corvus Capital, Inc. was listed in the UK on the [London Stock Exchange](/source/London_Stock_Exchange)'s [Alternative Investment Market](/source/Alternative_Investment_Market) (AIM) before it was taken private in December 2008. {{Cite web|url=http://corvuscapital.com/andrew-regan/|title=Dr Andrew Regan|accessdate=16 April 2023}} Corvus founded Lodore Resources, an AIM-listed investment company formed in 2004 with the intention to build a group specialising in the oil and gas sector. The company listed with a market capitalisation of £6.4 million, and after building a group with its assets principally in the United States. In 2005 the company was acquired for a total consideration of £115.0 million. Other Corvus investments included, amongst others, Commoditrade and Gable Holdings. Regan has been involved in several start-up companies including [Imperial Energy](/source/Imperial_Energy), an upstream oil and gas exploration and production company focused on the [Commonwealth of Independent States](/source/Commonwealth_of_Independent_States) and, in particular, the [Russian Federation](/source/Russian_Federation). The company was floated on AIM in 2004 at 25p per share and moved to the Official List in 2007. In 2008, Imperial was acquired by [ONGC Videsh](/source/Oil_and_Natural_Gas_Corporation) of India for £1.3 billion (1,125 pence per share).{{Cite web|url=https://www.livemint.com/archive|title=Archives Top and Latest News|website=mint|accessdate=16 April 2023}} ===Academia=== In 2014, Regan was awarded a [PhD](/source/Doctor_of_Philosophy) from [Oxford Brookes University](/source/Oxford_Brookes_University)'s Faculty of Technology, Design and Environment. His thesis was "A system to predict the S&P 500 using a bio-inspired algorithm."{{cite web|url=https://www.brookes.ac.uk/documents/students/research-degrees/graduate-college-newsletter-issue-4/|access-date=16 April 2023|website=brookes.ac.uk|title=Graduate College Newsletter. Issue 4}}{{cite thesis |url=https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.757990|title=A system to predict the S&P 500 using a bio-inspired algorithm|author=Andrew J. Regan|year=2014|location=Oxford Brookes University|degree=PhD}} ==Polar travel== ===North Pole=== Regan visited the Geographic North Pole for the first time in 2004. In April 2008 he returned, completing an expedition on foot with three of his children{{cite web|last=Andrew Regan travels to North Pole with Three of his children |title=Junior Polar Traveller |url=http://www.juniorpolartraveller.com/sponsors-andrew-regan-foundation |url-status=dead |archive-url=https://web.archive.org/web/20090621085456/http://www.juniorpolartraveller.com/sponsors-andrew-regan-foundation/ |archive-date=21 June 2009 }} to raise [awareness about climate change](/source/Climate_change_education). His latest visit was in 2014, taking the total number of times he has reached the pole to three.{{cite press release|title=MVision's Guen risks extreme cold, polar bears for North Pole trip|publisher=PEHUB.com|date=16 April 2014|url=http://www.pehub.com/2014/04/mvisions-guen-risks-extreme-cold-polar-bears-for-north-pole-trip/|first=Luisa|last=Beltran|accessdate=25 July 2014}} ===Ice Challenger 05=== In 2005, he led the [Ice Challenger Expedition](/source/Ice_Challenger_Expedition), a [world record](/source/world_record) attempt for the fastest overland crossing to the South Pole.{{cite web|last=Concepts |first=Voyage |title=Ice Challenger - World Record for the fastest overland crossing to South Pole |url=http://www.icechallenger.co.uk |accessdate=6 December 2006 |archive-url=https://web.archive.org/web/20061128092753/http://www.icechallenger.co.uk/ |archive-date=28 November 2006 |url-status=dead }} The six-man Ice Challenger team completed the 1,200 km route in 69 hours, breaking the previous world record of 24 days (576 hours).{{cite book|title=Guinness world records 2008|url=https://archive.org/details/guinnessworldre000guin|url-access=registration|year=2007|publisher=[Guinness World Records](/source/Guinness_World_Records)|location=[London](/source/London)|isbn=978-1-904994-18-3|oclc=174109903|page=[https://archive.org/details/guinnessworldre000guin/page/97 97]}} The expedition aimed to increase awareness of [global warming](/source/global_warming). The entire team wanted to highlight the impact of climate change on the Antarctic, to the rest of the world. ===Moon-Regan TransAntarctic Expedition=== Regan returned to Antarctica in November 2010, leading the Moon Regan TransAntarctic Expedition. The 10-man expedition team completed the first ever there-and-back crossing of Antarctica, a journey of some 4,000 km, in 23 days. They travelled from Patriot Hills on the west coast to the South Pole, heading north from there through the Trans-Antarctic Mountains, down the [Leverett Glacier](/source/Leverett_Glacier) and off the coastline onto the [Ross Ice Shelf](/source/Ross_Ice_Shelf).{{cite web|last=Moon-Regan Trans Antarctic Expedition route|title=Moon-Regan Trans Antarctic Expedition expedition route|url=http://www.transantarcticexpedition.com/expedition}} [Winston Wong](/source/Winston_Wong), a prominent Taiwanese businessman and alumnus of [Imperial College London](/source/Imperial_College_London), was the main sponsor to the expedition. The Winston Wong Bio-Inspired Ice Vehicle was the lead vehicle in the expedition and was the first ever bio-fuelled vehicle to reach the Geographic South Pole.{{cite web|last=Winston Wong Bio-Inspired Ice Vehicle|title=Winston Wong Bio-Inspired Ice Vehicle|url=http://www.transantarcticexpedition.com/civ}} The WWBIV is currently on display at the Magic School for Green Technology at the National Cheng Kung University in Tainen.{{cite web|last=Winston Wong Bio-Inspired Ice Vehicle |title=Winston Wong Bio-Inspired Ice Vehicle |url=https://leaderpost.com/story_print.html?id=4902937&sponsor= }}{{dead link|date=July 2017 |bot=InternetArchiveBot |fix-attempted=yes }} The expedition partnered with [Imperial College London](/source/Imperial_College_London), to carry out scientific experiments in Antarctica.{{cite web|last=Imperial College London Article|title=Imperial College London Article|date=11 June 2010 |url=http://www3.imperial.ac.uk/newsandeventspggrp/imperialcollege/newssummary/news_11-6-2010-12-4-0}} ==Personal life== Regan was born in Manchester and has eight children.{{cite web|url=http://www.icechallenger.co.uk/future |accessdate=19 March 2008 |title=Future |publisher=Ice Challenger Expedition |quote='I've got six kids.' |url-status=dead |archive-url=https://web.archive.org/web/20080314131342/http://www.icechallenger.co.uk/future/ |archive-date=14 March 2008 }} ==References== {{reflist}} ==External links== *[http://www.transantarcticexpedition.com Moon-Regan TransAntarcticExpedition Website] *[https://web.archive.org/web/20100914052419/http://www.juniorpolartraveller.com/ Junior Polar Traveller] *[http://www.laprensaaustral.cl/lpa/noticia.asp?id=39417 Expedition press]{{Dead link|date=April 2019 |bot=InternetArchiveBot |fix-attempted=yes }} {{DEFAULTSORT:Regan, Andrew}} Category:Living people Category:1965 births Category:English chief executives Category:British expatriates in Switzerland Category:British people of Irish descent Category:British online retailer founders Category:Businesspeople from Manchester --- Adapted from the Wikipedia article [Andrew Regan](https://en.wikipedia.org/wiki/Andrew_Regan) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Andrew_Regan?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.