Theo Paphitis

Theodoros Paphitis (Θεόδωρος Παφίτης; born 24 September 1959) is a Greek-Cypriot British retail magnate and entrepreneur.

He is best known for his appearances on the BBC business programme Dragons' Den and as former chairman of Millwall Football Club.

Paphitis has made the majority of his fortune in the retail sector.

Paphitis was born on 24 September 1959 in Limassol, British Cyprus, present-day Republic of Cyprus.

He is the second of three brothers, with elder brother Marinos and younger brother George.

They also share two half-brothers - Christos and Xanthos.

Paphitis first lived in Old Trafford in Greater Manchester when his family arrived in the UK from Cyprus.

His father then bought a terraced house in Gorton, Manchester where he lived for three years, attending Peacock Street junior school in the area.

Paphitis moved to London with his parents and Marinos when he was nine years old.

Paphitis attended Ambler Primary School in Islington and Woodberry Down Comprehensive School in Manor House, where he battled with dyslexia, but began his entrepreneurial activities by running the school's tuck shop at the age of 15.

Paphitis took a job as a tea boy and filing clerk at a City of London insurance broker.

Wanting more money, he discovered his passion for retailing and sales when at 18 he worked as a sales assistant for Watches of Switzerland in Bond Street.

Aged 21, he joined Legal & General selling commercial mortgages, which taught him to read other businesses' balance sheets.

Aged 23, he set up a property finance company with close friend and business associate Mark Moran, and kept going when the friend left in partnership with Hanover Druce, making his first money on the rise of the 1980s commercial property markets.

Spotting the rise in mobile telephones, he bought into NAG Telecom, becoming chairman alongside fellow director Tony Kleanthous.

Paphitis gained a large market share for NAG by negotiating concessionary positions in Ryman stationery stores.

When Ryman went bankrupt, Paphitis approached the administrators and bought the company.

He turned it around by improving relations with suppliers, and enthusing the management team, cementing his reputation for turning failing companies into highly successful and profitable businesses.

His ventures now include Ryman, Robert Dyas and Boux Avenue.

He sold Red Letter Days with fellow Dragons' Den businessman Peter Jones.

As chairman from 1997, Paphitis took Millwall out of administration and on to the 2004 FA Cup Final at the Millennium Stadium.

He is perhaps best known for his work to reduce football hooliganism, and appointing as Millwall manager Dennis Wise, and together they guided the club to their first official appearance in the final of the FA Cup and European football.

After almost eight years at the helm of Millwall, Paphitis stepped down from his role as chairman in 2005.

Paphitis is a director and part-owner of Isthmian League side Walton & Hersham.

Paphitis' other companies became sponsors of the League's cup competitions with Robert Dyas sponsoring cup tournaments.

Boux Avenue became title sponsor of the Boux Avenue Women's Cup.

In 2006, he sold his equity stake in the lingerie brand La Senza for a reported £100 million.

He is the owner of stationery chain Ryman, the homewares specialist Robert Dyas and lingerie retailer Boux Avenue.

In 2006, he sold his equity stake in the UK and EU segment of the global lingerie brand, La Senza, for a reported £100m.

In 2008, Paphitis was one of several interested parties in bidding for failed retail chain Woolworths.

However, he later pulled out because of unrealistic numbers quoted by the administrators.

In March 2011, Paphitis set up a lingerie chain, Boux Avenue, which has 30 UK stores.

In July 2012, he bought the hardware retailer Robert Dyas, saying: "It is a business which fits well with my investment criteria."

In 2017, Paphitis acquired London Graphic Centre, a specialist arts and stationery retailer based in London's Covent Garden.

Paphitis launched the Theo Paphitis Art Prize in 2022.

In May 2018, Solent University in Southampton named Paphitis as their new Chancellor.

Paphitis was inaugurated as the university's Chancellor on 11 October 2018.

He will serve a minimum of three years.

Paphitis succeeded Lord West of Spithead.

According to The Sunday Times Rich List in 2020, Paphitis is worth £290 million.