Upmarket upholstery and bed retailer Maker&Son has been bought by an investment fund.
The company, set up by Felix Conran and his father Alex Willcock in 2018, has been sold to Inc & Co for an undisclosed sum. Both will continue to work for the company.
Maker&Son manufactures and sells direct to consumers in the UK, Ireland, US, Australia, Asia and New Zealand.
Rather than having stores it has a fleet of showvans and a UK showroom at its West Sussex head office.
‘The sale will enable us to continue our vision of creating luxury sustainable furniture. We are delighted that Inc &Co have seen the value in what we have achieved to date and are excited to work with them to write the next chapter for Maker&Son,’ says Conran.
Earlier in the summer Maker&Son had been looking to raise funds through the Seedrs crowdfunding platform and had attracted 2,700 registrations. ‘The level of the pledges you have made is really truly wonderful. I feel totally in awe of the enthusiasm and warmth towards our brand and what we are doing and where we are heading,’ Willcock told them.
Reports suggest the company had been valued at £55m.