Boardroom Stories: Lovehoney
Wake Up To Money
BBC
4.1 • 775 Ratings
🗓️ 20 November 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
Lovehoney co-founders Neal Slateford and Richard Longhurst talk about developing their online sex toy company, meeting the Queen and adapting their business for international markets.
Transcript
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| 0:00.0 | Before you listen to this BBC podcast, I'd like to quickly tell you about some others. |
| 0:05.2 | My name's Andy Martin and I'm the editor of a team of podcast producers at the BBC in Northern Ireland. |
| 0:11.3 | It's a job I really love because we get to tell the stories that really matter to people here, |
| 0:16.3 | but which also resonate and apply to listeners around the world. |
| 0:19.6 | And because the team has such a diverse |
| 0:21.2 | range of skills and strengths, we have trained journalists, people who love digging through |
| 0:26.0 | archives, we've got drama and even comedy experts. We really can do those stories justice. So if |
| 0:31.8 | you like this podcast, head to BBC Sounds where you'll find plenty more fascinating stories |
| 0:37.1 | from all around the UK. |
| 0:39.1 | This is BBC Radio 5 Live. |
| 0:43.0 | Wake Up to Money, Boardroom Stories with Danny Houston. |
| 0:46.5 | Welcome to Wake Up to Money's Boardroom Stories. I'm Danny Houston. And before we start, |
| 0:51.3 | I should mention this isn't one for children to listen in on as there are some adult themes. |
| 0:56.4 | There's plenty of other boardroom stories, though, including with the bosses and McDonald's, Domino's and Pure Gym. |
| 1:01.8 | In a special boardroom stories, as part of Five Life Sex Takeover, I've met the co-founders of Love Honey. |
| 1:08.2 | It's an international online sex toy retailer. It has a revenue of |
| 1:12.1 | 76 million pounds up a third last year with pre-tax profits up 76%. It employs |
| 1:18.5 | around 240 people across the world and it's been expanding in what's a growing |
| 1:24.0 | sector as attitudes change. Neil Slateford and Richard Longhurst started the company early on in the online retail boom. |
| 1:31.7 | And at their warehouse and headquarters in Bath, they told me how they spotted a gap in the market. |
| 1:37.1 | Myself and Richard met a publishing company, a magazine publisher called Future Publishing, |
| 1:41.6 | did computer game magazines. And after the first dot-com |
... |
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