The founder of the UK’s biggest toy chain, The Entertainer, is handing over control of the business to his 1,900 workers.
Gary Grant opened his first shop with his wife, Catherine, in 1981, when he was 23. He’s now 66, and his multi-million pound empire spans 160 shops across the UK.
He is transferring 100% ownership of the family-owned business to an employee trust, which means staff will get a share of the profits and a say in how the firm is run.
“If the business had been sold just for money, that would not have been passing on the baton in the way in which the family would have wanted,” Grant told the BBC.
Read the full article on the BBC website
NAM Implications:
- Gary Grant true to his principles to the very end.
- Anyone who has met or worked with him will not be surprised.
- And the resulting success speaks for itself…
