MBO at Clive Christian
Top-end furniture manufacturer Chile Christian has been bought by its management.
Guy Newton, md and Pamela Tennant, finance director have teamed up with David Dare, former md of bathroom and ceramics company Perrin and Rowe to but the company from majority shareholder Souter Investments.
‘The core strengths and qualities of Clive Christian, together with the investment from the new ownership model, provides a very strong platform for growth and will enable us to deliver on the potential of the brand and meet the expectations of our staff, partners and clients,’ says Newton.
‘I would like to thank Souter Investments and the previous shareholders for their support in recent years and looking to the future, to David for investing in and sharing our belief and passion for craft and skill-based manufacturing in the UK.’
Dare, who has become chairman, says he is ‘overjoyed’ to become a part of an ‘ongoing British success story.’
‘I'm really looking forward to working with Guy, Pamela and their team to expand and develop the business in the coming months and years.’