Julian Richer

Richer opened the first Richer Sounds hi-fi shop at London Bridge, pictured in its early days, at nineteen, and built a chain known for staff schemes such as holiday homes for employees and suggestion bonuses. In 2019 he transferred 60 per cent of the company to an employee ownership trust and gave staff a cash payment for each year worked. He kept a minority stake, so this is a majority transfer rather than a full one.