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The Carphone Warehouse

 

 
General company information

Number of deals: 
Owned by: Public Limited Company
Trading since: 1989
Website: carphonewarehouse.co.uk




The Carphone Warehouse

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About the company

The Carephone Warehouse was founded in 1989, just at the start of the mobile phone revolution. At the time most mobile phones were too bulky to carry around so were known as car phones, thus the name. The company was founded by Charles Dunstone, and David Ross.

The company was originally operated from a 1 bedroom flat in London , but within 4 years had grown to 20 stores. The company grew quickly throughout the UK with the purchase of electrical retailer Tandy.

In addition to the “Carphone Warehouse” brand in the UK , the company also operates under the brand of “The Phone House” across Europe and in the United States . Guy Johnson (formerly of NEC) became the third partner in the business, but then in 2001 he retired, selling his share of the company.

In 2008 Ross resigned from the Carphone Warehouse board of directors, leaving Charles Dunstone as the only one of the key players still to be in the business where he is currently running the company.

The enlargened group, including TalkTalk, and the retail stores split up in 2010, with the New Carphone Warehouse owning a 50% stake in Best Buy Europe, and 47.5% stake in Virgin Mobile France . The company has annual revenues of approximately £1.4 billion per year.

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