Dominic McVey

Entrepreneur

Dominic McVey is a British entrepreneur who started his own business at the age of 13, importing micro-scooters from the United States to the United Kingdom.

 

Dominic McVey is a British entrepreneur who started his own business at the age of 13, importing micro-scooters from the United States to the United Kingdom. By the age of 15 Dominic was Britain’s youngest self-made millionaire. In his teens Dominic sold over 15 million micro-scooters around the world. At the age of 18 he was appointed by the Queen as a ‘Pioneer for Britain in Entrepreneurism’.

Dominic now runs a portfolio of business interests from fashion, publishing and music to media and cosmetics.

In 2013 Dominic purchased Sri Lankan clothing maker Hela Clothing and by sustainably and ethically restructuring the business, he increased staff numbers from 3,000 to over 20,000 and vastly grew revenue. Today, Hela generates almost $200 million in revenue employing 15,000 people directly in Ethiopia, Kenyan, Sri Lanka and until recently Mexico.

Clients and partnerships with brands include; The North Face, Lee, Wrangler, Dickies, Calvin Klein, Tommy Hilfiger, Speedo, Tesco and Michael Kors. Through Hela, relationships have been built with the UNFPA, DFID, the Government of Kenya, the Government of Ethiopia and Parsons School of Design as well as a joint venture with the Aga Khan Foundation.

Keeping to the founding tenets of the company, Hela practices sustainable manufacturing, which ensures that the resources of the company are aligned with the needs of the community. Hela provides their employees with meals, accommodation and transport. In a country where 8.5 million people are facing severe hunger and distance to work can be a substantial barrier to employment, these services are having a widespread positive impact upon the community. Hela also provides their employees with comprehensive training for their respective jobs, from machine operators to management trainees – vital in a region with no extensive apparel manufacturing background – which gives them valuable transferrable skills.

In 2019 Dominic, moved to a Non-Executive Role at Hela and stepped down from the board in 2020. He remains an active shareholder.

Dominic is an adviser on Entrepreneurship to the Department of Business, Enterprise and Innovation and is an ongoing consultant for a varied group of organisations and institutions, including the DTi and DfES on ethical and sustainable business growth.

Dominic most recently founded the Fair Fashion Pact; a private sector initiative aimed at protecting those who work in the fashion industry. It is dedicated to putting people before profit. The not-for-profit main goals are to ensure that the working standards and treatment of employees in clothing manufacturers across Africa, are set to the highest standard and uphold the needs of staff and the community as a whole.

In addition to founding the Fair Fashion Pact, Dominic is the Chairman of Computer Aid International; a foundation which aims to build a world where everyone has equal access to technology through sustainable IT solutions, providing access to high-quality equipment and education in the developing world and at home in the UK. Since their inception, Computer Aid has brought access to technology to over 14.5million people worldwide.

In 2009, Dominic was named Britain’s second most influential businessperson under the age of 30 in The Sunday Times’ “Top 30 power players under 30”.

Dominic is a notable speaker on entrepreneurship, intrapreneurship, ethics and international trade, having been one of the keynote independent business speakers at the Conservative Party Conference main stage in 2018 at Bloomberg’s Modern Affluence Summit in 2019 and Davos in 2020.

His charitable endeavours include serving as an independent trustee for the Royal Chartered Landscape Institute for two terms and he is currently; an ambassador for The HALO Trust (the world’s largest de mining charity), a Trustee and Non-Executive Director of the Overseas Development Institute (an independent, global think tank that works to inspire people and governments to act on injustice and inequality) and a member of the advisory council for The Coalition for Global Prosperity. Combined these not-for-profits have positively enhanced the lives of tens of millions of people.

Having won the PVH award for Human Rights in 2017 Dominic’s interests lie with what is not only best for an organization but what is right for the people it employs and the communities it engages with.

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Dominic McVey is a British entrepreneur who started his own business at the age of 13, importing micro-scooters from the United States to the United Kingdom and now runs a portfolio of business interests from fashion, publishing and music to media and cosmetics.

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Dominic McVey