85 Years Young and Still Deal-Making: Retail Legend Gilbert Harrison on Entrepreneurs, E-Commerce, and What’s Next

Video of this episode is here

Takeaways

Gilbert Harrison reflects on his 60th wedding anniversary and 85th birthday.

He founded Financo after realizing the potential in investment banking.

Retail fascinated Gilbert due to its growth potential and dynamics.

Successful CEOs possess unique vision and entrepreneurial spirit.

Investment banking requires understanding both numbers and people.

E-commerce has drastically changed consumer shopping habits.

The discount retail sector has evolved significantly over the years.

Mergers and acquisitions often fail due to lack of understanding of motivations.

Brand aggregators are reshaping the retail landscape but may lack entrepreneurial spirit.

Gilbert emphasizes the importance of mentorship and giving back to the community.

Chapters

00:00 The Genesis of Financo

02:24 Navigating the Retail Landscape

05:01 Investment Banking Insights

07:27 The Evolution of Discount Retail

09:45 The Impact of E-commerce

12:10 The Art of Deal-Making

14:35 Reflections on Leadership and People

16:57 The Future of Retail and Investment Banking

24:15 The Sad Fate of Stewart's Company

26:23 The Changing Landscape of Investment Banking

29:57 Confidentiality in Deal-Making

33:44 The Future of Retail and Consumer Preferences

35:35 The Rise of Brand Aggregators

37:39 The Impact of Brand Aggregators on Competition

39:57 Advice for Young Professionals

42:43 Building Confidence and Resilience

45:39 The Importance of Giving Back