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Pearce was born in Liverpool, in a very poor family.
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It was when he was a boy, and his mother used to go door-to-door asking for old clothes that they could sell in the market.
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When he already owned a small boutique, he decided to invest £750 in leather trousers, and to sell them very cheaply in his shop.
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Liverpool loved it, and there were photos of shoppers sleeping in the street outside his boutique on the front page of the local newspaper.
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Jeff became a millionaire, but later he lost most of his money in the recession of the Nineties. He was almost 40, and he was broke again.
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He had to go back to selling clothes in the market.
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He never gave up, and soon he set up a new business, a department store, called Jeff's, which again made him a millionaire.
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Pearce was awarded a Businessman of the Year prize for the best clothes store in Liverpool.
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He decided to write a book about his experience.
But first he had to learn to read and write. He went to evening classes, and employed a private teacher, but he found it very difficult because of his dyslexia. -
With the help of a ghost-writer*, his autobiography, A Pocketful of Holes and Dreams, was published, and became a best-seller.