Thrifty family with a savvy business plan
The family was noted for its thrifty ways. Obsessed with saving money, Theo (pictured) was said to recycle used pencil stubs, wear threadbare suits, and eschew any form of luxury even after he made his fortune.
However, the thrift-conscious brothers devised a simple yet successful business plan: they kept prices rock-bottom by only stocking non-perishable items and quickly removing slow-sellers from the shelves.
Alice Cattley
02 October 2024
Features
Comments
Do you want to comment on this article? You need to be signed in for this feature