Richer Sounds is a British home entertainment retailer that operates through a chain of 51 stores and online, mainly in England. The business was 100% owned by Julian Richer, the founder and managing director of the company, who in 2019 sold 60% of its shares to an employee ownership trust.[1]
History of the business
Richer Sounds formally began trading in 1978 when Richer, then aged 19, opened his first shop near London Bridge, with the help of photography retailer Vic Odden. This shop established the record for highest sales per square foot of any retail outlet (£195,426/m2 ($27,830/ft2)) in the world in 1994, a record still current in 2023 according to the Guinness Book of Records.[2]
In November 2013, Julian Richer announced to the press that, upon his death, he would bequeath 100% of the firm to a trust co-owned by employees of the company.[3][4]