Gerald Ratner
British businessman
2
APPEARANCES
2
PODCASTS
012
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May 9, 2026
Losing $1B in 10 Seconds & Building It All Back From Zero — Gerald Ratner
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1:51Gerald RatnerGUEST
Well, I d- one of the jokes was that we sell a pair of earrings, gold, for 99p, which is the same price as a Marks & Spencer's prawn sandwich.
G
2:02Gerald RatnerGUEST
But the other joke, uh, that we sell a sherry decanter, which is, by the way, it's always been reported as jewelry, that I sell all my jewelry, but in fact it was just one i- I'm not trying to defend myself 35 years later, 'cause it was my own fault, but nevertheless, um, it's always been, even to this day on X, it still says I said all my jewelry's crap.
G
2:25Gerald RatnerGUEST
Well, it was that, just that one sherry decanter that I said, "How can we sell it for such a low price?" Because actually, it is a sherry decanter, six cut glasses, and a silver tray that we were selling for 9.95, which was an unbelievably low price, and boy, did it sell.
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2:49Gerald RatnerGUEST
And one of the ways that I acquired H. Samuel was to tell the city that they're selling too many gifts, that they should be selling more jewelry.
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2:57Gerald RatnerGUEST
We're taking more money per square foot in Ratners than Samuels because they're filling up the shop with g- So I was a bit anti-gifts anyway.
26 MINS LATER
Brave Bold Brilliant: September Rise - The Power of the Comeback
28:55
29:06
29:14
29:23
28:48
But do you want to, can you just share a little bit about that, Gerald? Because I think it's important for someone else that might be feeling similar things at the moment?

Gerald RatnerGUEST
Yeah and I was told that I was unemployable after I lost the job and I basically gave up.

Gerald RatnerGUEST
I didn't want to play anymore and spent a lot of time watching daytime television.

Gerald RatnerGUEST
It's a bit like if you're in a room with a smell You're not aware of that smell unless you open a window or go out into the fresh air.

Gerald RatnerGUEST
You're kidding yourself that everything's fine because you don't want to face the reality that things are terrible.
6 MINS LATER
35:25
What does that mean to you when you think about that phrase or those three words? What springs to mind for you?
