Staying on in your business

Lara Morgan founder of Pacific Direct, on how she found it hard to leave the business after exit.

Lara Morgan, founder, Pacific Direct

Lara set up Pacific Direct in 1991, aged just 23. She built a global business manufacturing and supplying miniature toiletries and other necessities to the hospitality and tourism trade. London’s Dorchester Hotel provided the young entrepreneur with her first order for travel-sized sewing kits. The company has established a niche by putting licensed luxury brands like Elemis, Penhaligon’s and The White Company in hotel rooms worldwide. Lara exited Pacific Direct after 17 years at the helm, selling her 99% stake in the business for £20m. Lara is also a Board Director for E2Exchange: Entrepreneur to Entrepreneur Exchange.

This interview was originally recorded by UBS in 2015 with the help of E2Exchange, the entrepreneur network.

Explore more entrepreneur stories

Find out more

Let's talk

Ready to start a conversation? We look forward speaking with you.

Get in touch

Find your local branch

We have offices in various regions across the UK.

Find your nearest UBS office

Answering your questions

Have a question about our wealth management offering and services? We're here to help you. 

Find the answers

The price and value of investments and income derived from them can go down as well as up. You may not get back the amount originally invested.

UBS does not provide tax or legal advice. You should consult your independent tax/legal advisor for specific advice before entering into or refraining from entering into any services or investments.