Aspin’s monthly client round up – that was May 2016
PixSell client Wax Lyrical have been acquired by another PixSell client; Portmeirion Group PLC. Cumbria based Wax Lyrical will remain a stand-alone brand in the Portmeirion Group and manufacturing will continue at the current site as normal. Joanne Barber the Managing Director at WL expressed that she was “delighted” with the buyout as she feels their passion is mirrored at Portmeirion in terms of British quality manufacturing.
More news on the buyout front, Hong Kong-based Global Brands Group, HK787, one of the world’s leading branded fashion accessories, footwear and apparel companies, have acquired our client TLG Brands. This is the second buyout for TLG as back in July 2008 when the owners Stuart & David Lunan embarked on a growth strategy, TLG were acquired by Synova. In this time it is said that they saw a return of three times the invested capital. Mike Hiscock (CEO of TLG) expressed his gratitude in saying “I greatly enjoyed working with Synova. Their strategic input and vision has been fundamental in ensuring we achieved our goal”.
Aspin wishes both companies the best of luck on their new chapter under new ownership. We are confident they both companies will experience as much success and much more than they have done previously.
In the petcare sector, Interpet have received an outstanding silver award in ‘Investors in People’. It would seem that Interpet care for their staff just as much as the pets they provide for! The award is the UK’s leading accreditation for business improvement through people management, and provides a wealth of resources for business to innovate, improve and grow, with a focus on good people making great business. I think we would be right in saying that Interpet live up to their stated true values: trust, team, passion, success and care.
Lastly, a quick well-done to Citizen watch. Citizen are celebrating the 40th anniversary of their proprietary Eco-Drive technology – a great achievement in bringing ‘state of the art timepieces’ to wrists since 1976.
Unvelievably, we nearly halfway through the year. See you next month.