Michael ‘Dandy Kim’ Caborn Waterfield
Founded Ann Summers BORN JANUARY 1, 1930 DIED MAY 4, 2016, AGED 86
MICHAEL Caborn Waterfield was the playboy socialite who launched the first ever Ann Summers shop in 1970. As a member of the Chelsea Set he was a familiar figure in the gossip columns in the 1950s and 1960s and counted Diana Dors among his many lovers. He became known as Dandy Kim thanks to his natty dress sense.
He was born in London and educated at Cranleigh but decamped at 16 to a racing stable where he briefly pursued an ambition to become a jockey. During his adventures as an actor and black marketeer he befriended the future Lord Lucan and smuggled guns for the Cuban dictator Batista during the 1960s.
In the 1950s he was found guilty of the theft of £25,000 in francs from the French Riviera safe of Barbara Warner, daughter of the Hollywood film mogul Jack.
He received a four-year sentence, in absentia. Despite maintaining his innocence he was arrested in Britain in 1960 and extradited to France where he served 16 months. After his release he opened a water skiing school in North Africa before returning to Britain and entering the property business.
When he decided to open a string of sex shops, the first being in London’s Marble Arch, he knew better than to do it under his own name and plumped for his secretary Annice Summers’ name instead.
Ann walked out on the company in June 1971 less than a year after its launch after a row with Waterfield. He later sold the chain to David and Ralph Gold.
In 2013 Waterfield sued David’s daughter. Jacqueline Gold, now the chief executive of Ann Summers, for £500,000 after she claimed in her autobiography he’d had an adulterous relationship with Princess Margaret and illegally landed his helicopter in Hyde Park.
He is survived by a daughter.
PLAYBOY: Michael Caborn-Waterfield