Industry Retailer Headquarters London, United Kingdom Founder Julian Richer Type of business Unlisted plc | Website www.richersounds.com CEO Julian Richer (1978–) Number of employees 403 (2009) | |
Key people Julian Richer, Founder
David Robinson, Chairman
Claudia Vernon, Marketing Director Products Hi-fi, home cinema, LCD & plasma TV Founded 1978, London Bridge, City of London, United Kingdom Profiles | ||
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Richer Sounds is a British home entertainment retailer that operates online and through a chain of 53 stores distributed across the United Kingdom. The business is 100% owned by Julian Richer, the founder and managing director of the company.
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History of the business
Richer Sounds formally began trading in 1978. Aged 19, Richer opened his first shop near London Bridge, with the help of photography retailer Vic Odden. For over 20 years, this shop has been listed in the Guinness Book of Records for the highest sales per square foot of any retail outlet in the world.
Richer Sounds was initially known for selling budget audio equipment in a ‘pile it high and sell it cheap’ fashion, but in recent years it has moved upmarket, and expanded its range and service offering from just audio products to encompass television, home cinema equipment and installations.
In 2007/8 the company launched ranges of audiophile hi-fi, multi-room and high-end home cinema solutions, with some stores providing demonstration rooms for customers. The company also instituted a corporate rebrand, redesigning their logo and literature and instituting a programme of facelifts, expansions and relocations of their stores.
In November 2013, Julian Richer announced to the press that, upon his death, his testament will bequeath 100% of the firm to a trust that will be co-owned by employees of the company.
Awards
In January 2011, Richer Sounds received a Royal Warrant. Which? awarded Richer Sounds its prestigious ‘Best Retailer’ award for 2010 and 2015, ‘Best High Street Retailer’ for 2011, and also rated it a Which? Recommended Provider in 2013, 2014 and 2016.