In the News
Meet the entrepreneur who is allergic to bureaucracy
For Nick Wheeler, Founder of the shirt company Charles Tyrwhitt, it is often better for an entrepreneur to be a tortoise rather than a hare. A telling contrast to the ferocious pace of growth that many digital start-ups aim for.
There is plenty of sage business advice in this interview in the Guardian. The shirt industry is highly competitive so remaining fresh in the market in the face of fierce price competition from rival bricks and mortar and online retailers is a tough ask.
Last week Nick Wheeler announced that the fall in the external value of the pound after the Brexit vote would spell the end of their 4 shirts for £100 offer. Most of their shirts are manufactured in countries such as Vietnam, so a lower pound increases the cost of imports and put pressure on prices and profits.