This week on the Buy and Build podcast, we speak with Gerald Ratner, former Chairman and CEO of Ratners Group.
We discuss Gerald's journey from starting in the family business as a high school dropout to eventually taking over the business and turning it into the world's largest jewellery retailer [via acquisition]. At its peak, Ratners owned 6 household brands and had over 2000 stores across the UK and US. His story is an impressive example of how growth via acquisition can accelerate any business.
Gerald also explains how a few jokes ultimately led to the downfall of the company, and him being ousted as CEO. The 7 years that followed were difficult for Gerald, but he discusses how his road-bike kept him sane, and ultimately allowed him to bounce back and rise again. Enjoy the episode!
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