Richer Sounds Employee Ownership Trust

The founder and managing director of Richer Sounds, a hi-fi, home cinema and flat screen TV retailer with sites across the UK, has agreed a deal to hand control of the business to the company’s employees.

Julian Richer said “I have always planned to leave my company in trust on my death for the benefit of the colleagues in the business. Having hit the ripe old age of 60 in March, I felt the time was right, rather than leaving it until I’m not around, to ensure that the transition goes smoothly and I can be part of it. The company’s banks, suppliers and customers should feel that the move is (hopefully) seamless and Richer Sounds carries on as normal.”

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