Stewart Cohen and Laurie Chiappini were people who both had a different perspective on the way a business should run. They met in 1979, whilst working on the ground floor at a company that was struggling to survive. They had a relationship that evolved around mutual trust as well as a positive outlook on life and together developed a clear vision of one day running a company the way they believed a company should be run. In 1885 saw the opening of the first John Orr store which was later acquired by Stewart and Laurie in 1986. The partners believed that factory stores will be the future, but a new type of factory store a factory store that sold quality products at a reasonable price that was also created an attractive environment to both consumer as well as employees. This was known as the ‘Third generation’ type of factory store. John Orr store which opened as a …show more content…
Although South Africa is not a part of this decision in anyway, it still can be detrimental to our economy, as South Africa has very strong trade ties with the UK which means if they depart from the UE it would spike the euro as well as the dollar making trade really expensive for South African businesses. Strategy: Mr Price has to focus on trading locally rather than internationally until the euro and dollar become more reasonable, according to statistics after Brexit it may take the rand at least a year to recover to the same value as before Brexit. Therefore, Mr Price must focus on local expansion before international expansion as that will prove very costly. • Social factors: South Africa has a serious epidemic regarding AIDs, this is an incurable sexually transmitted disease. The reason it’s at large in South Africa is because a large percentage of our population live in poverty and therefore didn’t receive the adequate education to learn about diseases such as