Carte Blanche Group announces change of ownership

Carte Blanche Group, the company behind the Tatty Teddy brand, has announced a change of ownership following the planned exit of majority shareholders and founders Steve Haines and Duncan Spence.

Tom Morris has acquired the shareholdings

Home Bargains founder Tom Morris has acquired the shareholdings of Haines and Spence as a private investment. According to the company, Morris will have no operational role and will not be involved in the day-to-day management of the business. Carte Blanche Group will continue to operate as an independent trading entity.

Ensure stability for customers and partners

The company’s leadership team, including CEO Alister Marchant and Financial Director Rob Edgerton, will retain their shareholdings and remain responsible for the strategic, commercial and operational management of the business. Carte Blanche said their continued involvement is intended to ensure stability and continuity for customers and partners.

Marchant described the transaction as reflecting the wishes of the departing shareholders and said securing the right investor was an important priority for the company. He added that customers and suppliers across the business have expressed support for the ownership change and the company’s ongoing strategy. Carte Blanche also confirmed that trading relationships and business operations will remain unchanged following the transition.

Source: https://www.toysnplaythings.media/carte-blanche-group-announces-change-of-ownership/