Hughes co-founded MoreCorp, South Africa's largest golf-equipment retailer, in 1976.
Old Mutual Private Equity recently bought 70% of MoreCorp for R300 million.
MoreCorp owns The Pro Shop, World of Golf and Playmoregolf.
Scroll down for quotes from the audio below.
I didn’t want to be the old guy saying ‘no’ to every new idea!— Rhys Hughes
We set our prices against those in America.— Rhys Hughes
Our prices are almost the same as in 2007.— Rhys Hughes
We started in a tiny store in Commissioner Street.— Rhys Hughes
People want to speak to a salesperson. They want to touch and feel the product.— Rhys Hughes
We started out wanting to sell one set of golf clubs per day!— Rhys Hughes
Our customers have a lot of disposable income. Your stores need to be rich. You need to give those people the experience they’re looking for.— Rhys Hughes
The biggest issue today is time. People are time poor.— Rhys Hughes
The investors won’t change the business. They leave the nuts and bolts to us.— Rhys Hughes
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