![]() ![]() He bought Millwall FC in London in 1997 and was chairman when it reached the FA Cup Final in Cardiff three years ago against the mighty Manchester United. This wealth also enabled him to indulge one of his many passions: football. Paphitis later sold the lingerie business for £100 million. ![]() The group's turnover exceeded £170 million and it employed 3,000 staff. Paphitis ended up buying struggling stationers Ryman and Partners, and loss-making lingerie businesses Contessa and La Senza, which went on to wipe the eye of Marks Spencer, then the biggest seller of women's undies. ![]() The receiver bought his bluff and the Cypriot-born entrepreneur was, literally, back in business. In fact, Paphitis had another bank draft in his back pocket for £10,000. It involved his intermediary informing the receiver, who wanted £50,000 for the business, that he had bank drafts for £40,000 - take it or leave it. Chairman at Theo Paphitis Retail Group, Dragon from BBCs Dragons Den 16h Report this post Report Report. Paphitis made a bid with his rainy day fund using a well-worn trick he had picked up. Theo Paphitis’ Post Theo Paphitis Theo Paphitis is an Influencer. Title: Enter the Dragon Item Condition: used item in a good condition. The company was in receivership and using a third-party intermediary. Author: Theo Paphitis ISBN 10: 0752890972. ![]()
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