679215 Registered office: 1 London Bridge Street, London, SE1 9GF. “I thought, well, that’s me and lingerie over with, and you know what? If you are a position to invest by giving back, I promise you the returns by far outweigh the effort and the cost of actually giving in the first place.”. But then why is Paphitis snapping up retail businesses and putting them on the high street? “I am not a very early riser – I’ve got to be honest – about seven o’clock is up-time for me, because the kids have to be at school before eight.”. To inquire about a licence to reproduce material, visit our Syndication site. And this business nous, according to him, is what can make 2013 the year of growth and profit for UK entrepreneurs. He earned his first money on the rise of the 1980s property market, but it was in the retail sector that the mega bucks began to roll in. ONS retail figures reveal it’s going to be a ‘digital Christmas’... 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Dressed in a crisp white and blue check shirt and black jeans, he sits in an office that isn’t quite congruous to his celebrity status and I-like-to-flash-my-cash image. And you know what I tell them? He has five children. Fantastic! I work in there, I eat in there, I sleep in there, I take calls in there, I’ve got broadband.”, Extensive research has told him that what women want to find in a lingerie shop is opulence, experience, service, warm surroundings and affordability. Small Business Sunday, shortened to the hashtag #SBS on twitter, was created by Theo Paphitis in October 2010. The Sun website is regulated by the Independent Press Standards Organisation (IPSO). He is 60-years old and lives in Weybridge, Surrey. Theo’s first job was as an assistant with Lloyds of London broker, before moving into retail when he was 18. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Paphitis has been active in the business industry since 1977. Don’t start swinging from chandeliers when you get a mention in the press,” he asserts. “A government that listens, a government that does not just talk, and a government that forgets about the elections – is what we need. “The second whammy was when the planners gave permission to those big out-of-town shopping centres where you drive in your car, get free parking, can be in the warmth, can go to the cinema, get food and drink, all under one roof. People won’t rely on benefits and they would be happy to pay tax. “My other businesses like Rymans, Robert Dyas, are very much still focused in the High Street, so they are serving local communities. As chairman of Millwall football club, he also took them out of administration and on to the 2004 FA Cup final at the Millennium Stadium. But like Paphitis, the office oozes retail. Workplace Situations – How Blandy & Blandy... 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Paphitis has accumulated his net worth at the age of 21 when he joined Legal & General selling commercial mortgages and from his massive market share … There are 18 Boux Avenue stores in Yorkshire, including two in Yorkshire, at Sheffield’s Meadowhall and a newly opened shop at White Rose in Leeds. “I think they sp end too much time thinking about getting re-elected than doing what’s right.”. But to do that, he says, the government needs to stop doing “PR stunts” and should start working on getting the economy going. The ace retailer on what businesses needs in 2013, What’s your obsession with women’s lingerie? If they spend, the economy would flourish. It’s not just lingerie that contributes to the 53-year-old Dragon’s £180m wealth pile. A total of 18% of the …, @2020 - All Right Reserved. Born Theo Paphitis has an estimated net worth of $255 million. The network has grown to over 2,500 small businesses and the winners benefit from a RT to Theo’s half a million Twitter followers, marketing, access to a closed Facebook network and the chance to meet like-minded businesses. ‘I want to be happy to go in there with my mum, I want to be happy to go in there with my daughter’.”, Paphitis launched Boux Avenue mid-recession, on April 1, 2011, but there is no wrong time to launch a business, he says. They haven’t been able to adapt to the changing retailing environment and even if they disappeared, nobody would miss them.”. Then, in 2011, Paphitis decided to get back in the business and launched Boux Avenue. The lingerie brand now has 17 stores in the UK and one in Iceland, Gibraltar and Malta. Theo Paphitis with “Mrs P” at their home in St Georges Hill, Weybridge, Surrey. Please! However, Theo has been criticised for some of his views on women in the past. Designed and Developed by Adrich, Theo Paphitis’ message to government: Stop thinking about getting re-elected and start listening to us, can be seen serving customers at tills at every new store opening, Transforming HR from administrator to key business partner, Welsh government are off their trolley as shopping police return, Global report reveals health of recruitment agencies. “I love going home, listening to my daughters telling me something, my wife telling me something. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The Board of Robert Dyas Group announces the sale of the company to Gladys Emmanuel Limited, a company fully owned by Theo Paphitis, for an undisclosed sum.
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