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Diary of a CEO · 2021-10-04 · 1h 33m

Ann Summers CEO: The Heartbreaking Story Of One Of Britain's Richest Women! Jacqueline Gold CBE

Ann Summers CEO Jacqueline Gold recounts childhood abuse, breast cancer, losing her son, and building a female-empowerment retail empire.

Ann Summers CEO: The Heartbreaking Story Of One Of Britain's Richest Women! Jacqueline Gold CBE
The guest

Jacqueline Gold CBE — CEO of Ann Summers for decades, one of Britain's wealthiest and most successful businesswomen, who popularized sex toys and led a crusade to destigmatize female sexuality.

The gist

Jacqueline Gold sits with Steven Bartlett to share an extraordinarily candid account of her life and career. She describes a traumatic childhood marked by sexual abuse from her mother's partner, which drove her need for financial independence. Joining her father's business Ann Summers at 19, she pioneered women-only home parties and transformed the brand into a female-empowerment institution despite fierce opposition, death threats, and discrimination. She also opens up about surviving breast cancer, the loss of her son Alfie to a severe brain condition, IVF struggles, and being poisoned by her own nanny. Throughout, she credits her relentless optimism bias and resilience for carrying her through.

Big reveals

  • Jacqueline was sexually abused by her mother's boyfriend between the ages of 12 and 15, abuse she believes her mother knew about.
  • At 15 she confronted her abuser by framing it as 'not fair on mom,' and the abuse stopped after he simply shrugged.
  • She was diagnosed with breast cancer in 2016; it returned and progressed to stage four, but she is now in 'excellent remission.'
  • She launched women-only Ann Summers parties after attending a Pippa party, pitching the idea to an all-male board with no business experience.
  • Board member Ron Coleman threw down his pen and said 'Women aren't even interested in sex,' which she took as proof the idea would work.
  • She received a bullet in the post anonymously a week before flying to Dublin to open a controversial store.
  • One of her IVF twins, son Alfie, was born with holoprosencephaly and lived with only enough brain to survive; he later passed away.
  • Her trusted nanny poisoned her food with sugar, salt and finally screen wash to get the family cook fired.

Things worth remembering

  • As a child her mother drew a circle in the sand on beach holidays and forbade her from leaving it.
  • Psychological trauma manifested physically for her as tinnitus, a constant marching sound, and severe constipation.
  • During the pandemic Ann Summers grew its sales ambassadors from 4,000 to 20,000 in three months.
  • Ann Summers sold out of 'penis pasta' during the pandemic pasta shortage.
  • She had to advertise 'exotic' parties instead of 'erotic' and couldn't say 'ladies only' due to advertising rules.
  • The once-protested Dublin O'Connell Street store is now among Ann Summers' top three performing stores and on the tourist bus route.
  • During lockdown top-performing sales ambassadors earned cheques of £30,000 a month.
  • The nanny who poisoned her was sentenced to a year in prison but served only three months, then tried to write a book about it.

Recommended in this episode

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Guest’s ownProduct

Penis Pasta

Ann Summers

“you won't be surprised that we completely sold out of penis pasta. We were pushing our penis pasta, which is pasta shaped like penis.” — guest 00:37:28
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