When It Hits the Fan

Gerald Ratner special

12.27.2023 - By BBC Radio 4Play

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In this special episode, David Yelland and Simon Lewis take you into the eye of a media storm and talk to a person who has lived through it. What’s it like to wake up to a world where everyone knows your name, and you wish they didn’t? In 1991, Gerald Ratner had one of Britain’s most famous fan-hitting moments. Having built a billion-pound chain of high-street jewellery shops, he saw his business collapse around him after making a seemingly harmless, yet ill-fated, joke. In fact, what happened to him has become so synonymous with a fan-hitting moment that he's become a verb – in business English, “Doing a Ratner” is shorthand for really screwing up in an entirely avoidable way. But, 25 years later, he says there are many silver linings to losing a billion pounds in 10 seconds flat. Producer: Eve Streeter

Editor: Sarah Teasdale

Executive Producer: William Miller

Researcher: Sophie Smith

Music by Eclectic Sounds

A Raconteur production for BBC Radio 4

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