Theo Paphitis warns: 'Retail faces greatest challenge since the industrial revolution'

Quote of the day: Dragons' Den investor and boss of Ryman, Boux Avenue and now Robert Dyas, Theo Paphitis, believes that the UK high street is in real jeopardy. 'Retail is facing the greatest challenges seen since the industrial revolution,' he says. 'Only retail businesses with a meaningful proposition and excellent customer service have a chance of survival in the long term.'

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013
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