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Entrepreneurs Panel

Debbie Pierce
Tony Caldeira
Steve Purdham
Brian Hay
Jennie Johnson
Michael Oliver
Laura Tenison
Charlie Mullins
Jeremy Roberts
Richard O'Sullivan
Julie Meyer
David Pollock

Category: Pearls 2009 LtdSyndicate content

High street retailer Diamonds and Pearls has been bought out of administration.

The new owner is Diamonds and Pearls 2009 Ltd, and the sale means 300 jobs and 73 stores have been saved.

The company originally operated 91 high street stores with its head office based in Bedford. It employed over 400 people.

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Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.