Carte Blanche Group has today (Friday June 5) confirmed a change in ownership
The move follows the long-term strategic intention of the existing majority shareholders, Steve Haines and Duncan Spence, to exit the business, marking a planned and positive step in the company’s evolution.
Incoming shareholder Tom Morris has acquired Steve and Duncan’s interests in the company as an investment only and will not assume any operational role or be involved in the day-to-day running of the business. Although Tom is the founder and owner of Home Bargains, the company has stated that his acquisition in Carte Blanche Group is a private investment and that Carte Blanche will remain a separate trading entity.
The company’s leadership team – chief executive officer Alister Marchant, and financial director Rob Edgerton – will retain their shareholdings and remain in their positions and continue to oversee all strategic, commercial, and operational activity. In a press release the company stated: ”Their ongoing involvement ensures stability, continuity, and a consistent approach to serving customers and partners.’’
Alister Marchant commented: “This ownership transition reflects the desires of the exiting shareholders, Steve and Duncan. We thank them and wish them all the best for the future. It was very important that we found the right investor, and with Tom we have a shared vision that we will work to make reality, which secures the business, our people and our brands strongly for the future.”
Alister added: “We have engaged with many customers and suppliers from across all channels in the business and are pleased to confirm their strong support for both the change in ownership and our continued direction. Our team remains fully committed to delivering the same high standards our customers expect from us, and trading relationships remain unchanged.”
