Ware­house boss shares suc­cesses

Taranaki Daily News - - News - Stephanie Mitchell

As the boss of one of New Zealand’s big­gest re­tail chains, Sir Stephen Tin­dall knows all about suc­cess.

But, as he told an au­di­ence dur­ing a visit to New Ply­mouth yes­ter­day, he also knows about fail­ure – it’s a topic he said he could go on about for three hours.

‘‘The big­gest learn­ing is in­vest­ing in the right peo­ple,’’

Tin­dall, who founded The Ware­house in

1982, told an in­vited au­di­ence dur­ing a lunch at the

Devon Ho­tel.

‘‘There has been a cou­ple of or­gan­i­sa­tions that we in­vested in that were run by cer­tain peo­ple that ini­tially looked like it was all go­ing to be fine, but it turned out not to be. And not only did they fail in terms of the op­er­a­tion and lose us money there, but then they tried to sue us as well.’’

His re­sponse came in an­swer to a ques­tion from Taranaki Cham­ber of Com­merce chief ex­ec­u­tive Arun Chaud­hari, who wanted to know Tin­dall’s big­gest learn­ing curve.

Tin­dall was in New Ply­mouth to cel­e­brate gen­eros­ity and giv­ing in Taranaki. He was at an event put on by his own char­ity, The Tin­dall Foun­da­tion, in part­ner­ship with the Te Karaka Foun­da­tion, a Taranaki char­ity.

He shared his ex­pe­ri­ences and suc­cesses with his foun­da­tion, a char­ity he set up with his wife Mar­garet in 1994, and what they were cur­rently work­ing on.

Cur­rent in­vest­ments in­clude rocket launches and a hal­ter that trains dairy cows.

He said peo­ple didn’t have to have a lot to be gen­er­ous. ‘‘If you are mak­ing up your will and you have a house worth $700,0000 or $500,000 and you have two kids, there isn’t much dif­fer­ence in leav­ing 100 per cent to them and leav­ing 90 per cent. Think about what that 10 per cent could do for some­one else.’’

Sir Stephen Tin­dall

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