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Theo Paphitis (Greek: I?IuI?I?I?I?I?I? I I?I?I?I?I?I?) (born 24 September 1959) is a British retail magnate and entrepreneur of Greek Cypriot origin. He is best known to the general public 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. In 2006, he sold his equity stake in the lingerie brand La Senza for a reported A?100 million. He is the owner of stationery chain Ryman, the homewares specialist Robert Dyas and lingerie retailer Boux Avenue.
In 2014, Paphitis was reported to have an estimated net worth of A?210 million.


Born in Limassol, Cyprus, Paphitis is the second of three brothers; elder brother Marinos and younger brother George. They share two half-brothers. He came to England with his parents and Marinos when he was nine years old. He attended Ambler Primary School, Islington and Woodberry Down Comprehensive School, Manor House (closed in 1981) where he battled with dyslexia, but began his entrepreneurial activities by running the school tuckshop, 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 (now chairman of Barnet FC). Paphitis gained a large market share for NAG by negotiating concessionary positio

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Theo Paphitis Latest News

Alan Sugar, Theo Paphitis and Mary Portas warn high street could be killed off as Theresa May faces revolt

Theresa May risks killing off many high street shops and plunging the economy into meltdown with her crippling hikes in business rates, retail chiefs have warned. Sir Alan Sugar led the chorus of anger over the PM’s decision to link the rise to current ...
Posted: February 17, 2017, 8:13 pm

Sparkling Jewellery London gets a boost thanks to Dragons' Den star Theo Paphitis

A BUSINESS woman has been awarded from a retail entrepreneur thanks to social media. Sappho Brammer, 43, runs her own jewellery business Sparkling Jewellery London from Little Mollands Farm, Mollands Lane, South Ockendon. Sappho used twitter to connect ...
Posted: February 21, 2017, 2:22 am

Robert Dyas bosses they have no plans to relocate, despite restaurant bid

But the historic homeware store says it is not moving. A spokesman for the firm, which is owned by former Dragons Den star Theo Paphitis, said: “Robert Dyas has no plans to relocate from this site.” The applicant, London-based Skelhurst Limited ...
Posted: February 22, 2017, 3:37 pm
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