Julian richer wife

The founder of Richer Sounds is handing control of the hi-fi and TV retail chain to staff, in a move that will also give employees large cash bonuses, julian richer wife. I still really, really care but it is time for the next generation. The Employee Ownership Association EOA says more than julian richer wife have now adopted the model, with at least 50 more preparing to follow suit.

Crammed into a small Salvation Army hall in central London, some employees were suspicious but later confessed they had anticipated some extra annual leave. The driven entrepreneur, who founded Richer Sounds in at the age of 19, can sometimes seem too good to be true. Over four decades he has championed providing secure, well-paid jobs because he believes a happy workforce is key to business success. His ongoing largesse, at a time when the use of zero-hours contracts would come to disrupt the labour market, has been rewarded with loyalty from staff who appear to worship him. At the conference employees reel off examples of the support he had given them through personal crises such as battles with cancer.

Julian richer wife

Why can't all bosses be like Julian Richer? I'm not going to beat about the bush here: I think Julian is great. If I had to hold up someone as a role model for other wannabe tycoons to follow, the founder of the Richer Sounds hi-fi chain would be that person. Let me be clear: for all I know, he could be another Rev Paul Flowers, formerly of the Co-op Bank, and spend his dosh on crystal meth and crack. But if there are such horrors in his cupboard, I don't know what they are. So what earns him this accolade? The way he treats his staff, the fact that in surveys 95 per cent of them say they love working for him. Based in what property agents refer to as the "secondary" shopping streets — the tattier end — his shops, full of in-your-face Day-Glo posters, have won awards galore for their levels of service, and achieved sales unheard-of in the electronics industry. For years, his London Bridge branch could claim to have the highest sales density of any shop in the world. It was no surprise to hear Richer, 54, who still holds per cent of the company he started 35 years ago, explain this week how he has formed a trust for when he dies so that the business becomes a mutual, similar to John Lewis, under which every staff member receives an equal share, with the IT director, Julie Abraham, stepping up to managing director. That's how he is. He's often talked of the business surviving after he's gone, of putting a structure in place to ensure his methods continue. He calls them the Richer Way he's pulled them together in what must rank as one of the best business books in history, now in its fifth edition, called, not surprisingly, The Richer Way. These include: providing free access to holiday homes in the UK and abroad regardless of sales performance ; trips aboard the company jet for those who suggest the best ideas; cash handouts for staff so they can go to the pub and brainstorm; the use of a Bentley for the store which does the best each month. His reasoning is simple: a happy workforce supplies good customer service, boosts sales, decreases complaints, and eradicates theft and absenteeism.

So what earns him this accolade? Explore the archive. Jaconelli Gerardo.

He came to public attention last year when he announced his intention of handing more than 60 per cent of his business , the hi-fi and TV retailer Richer Sounds, to a trust owned by his odd employees. His mother had grown up in Hamburg, but, in , had emigrated to Palestine where she briefly married a Major in the British army. They were law-abiding — that was very important. My mum particularly was quite strict. The seminal influence in his life was Ernest Polack, his housemaster at Clifton College, the boarding school in Bristol to which thanks to a bequest from a grandfather he was sent at the age of He would spend the holidays in South Africa demonstrating against apartheid and getting beaten black and blue, and then he would come back and show us his war wounds.

Julian Richer has always been seen as an unorthodox businessman - and this week, he showed why. He and his wife, Rosie, have no children, and "I didn't want to sell to a stranger who might have completely different aims and ambitions for the business. I'm hoping it will ensure the succession of the business," Mr Richer says. Setting up a trust for the business was, in fact, written into his will in But the process of moving to the new structure was begun about two years ago so that Rosie could avoid having to oversee the change "if I pre-deceased her".

Julian richer wife

Crammed into a small Salvation Army hall in central London, some employees were suspicious but later confessed they had anticipated some extra annual leave. The driven entrepreneur, who founded Richer Sounds in at the age of 19, can sometimes seem too good to be true. Over four decades he has championed providing secure, well-paid jobs because he believes a happy workforce is key to business success. His ongoing largesse, at a time when the use of zero-hours contracts would come to disrupt the labour market, has been rewarded with loyalty from staff who appear to worship him.

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Others have taken note. Let me be clear: for all I know, he could be another Rev Paul Flowers, formerly of the Co-op Bank, and spend his dosh on crystal meth and crack. He speaks with even greater passion about his new campaign against imposed zero-hours contracts. It was tiny, but it was passed by 70, commuters a day. By the time he was 17, his study was full of stock, and he had three other lads working for him on commission. A committed Christian, he's never seriously thought of selling his business, of floating it on the stock market. Want an ad-free experience? His message broke it down into simple language. Comments are closed. Most viewed. Common to all of these concerns is fairness, he says, and he intends also, when the coronavirus allows, to set up a fairness foundation. And that is my real satisfaction and joy. Aged 17, he had three people working for him.

He came to public attention last year when he announced his intention of handing more than 60 per cent of his business , the hi-fi and TV retailer Richer Sounds, to a trust owned by his odd employees. His mother had grown up in Hamburg, but, in , had emigrated to Palestine where she briefly married a Major in the British army. They were law-abiding — that was very important.

It absolutely burns me up with anger. Julian Richer talks to Huw Spanner about business methods and his baptism. And, after about 18 months, I just felt I was ready to be baptised. Read our privacy notice. And that is my real satisfaction and joy. The power shift comes at a tough time for a high street rocked by sweeping changes in shopping habits. Other stories Emergency help for tax-haven firms opposed by faith leaders. They bought a Georgian house near York in , and, in time, she decided to attend St Michael le Belfrey, where she had been confirmed as a girl. Policy Accessibility statement Cymraeg Conditions of use Privacy policy Cookie policy Manage cookie preferences Modern slavery act pdf kb Copyright. Most viewed. Profits also go to support local projects including sports and arts organisations.