Luxury fitted furniture and cabinetmaker Clive Christian Furniture Co has announced that a 100% MBO has been agreed with shareholders, including majority owner, Souter Investments.
The MBO was led by MD Guy Newton, and head of finance and operations Pamela Tennant, and supported by David Dare, former owner of Shaws of Darwen.
Established in 1978 by founder Clive Christian OBE, the company now operates from a London design studio in Mayfair and a manufacturing base in Bolton.
The new owners say the arrangement will enable the business to further flourish under the close management of a team of fully engaged stakeholders, with an expanded product range and wider market distribution.
Operationally, Guy Newton will continue as MD, Pamela Tennant will become finance director and company secretary, and David Dare will be company chairman.
Guy says: “The core strengths and qualities of Clive Christian Furniture Co, 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. I would like to thank Souter Investments and the previous shareholders for their support in recent years and looking to the future, to David Dare for investing in and sharing our belief and passion for craft and skill-based manufacturing in the UK.:
David adds: “With a long-spanning career in UK manufacturing it is a real pleasure to support its continued growth in the north of England, in the very place I call home. However, it is my deep appreciation for handcrafted quality and character that is alighted by this beautiful British brand. 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.”