Wed, 15 Aug 2012 | MBO/MBI
Jewellers Green + Benz has been purchased in a management buy-out deal led by managing director and jewellery specialist Helen Dimmick.
Corporate finance advisory firm Rickett Mitchell acted as adviser to the management team, while legal advice was given by Giles Cheshire at Squire Sanders.
The independent jewellery retail chain trades from four shops, with one in Chesterfield, two in Sheffield and one in Manchester, and has a 31-strong workforce.
Shane Green and Julie Benz opened their first Green + Benz store in Sheffield in October 1999. Dimmick started at the firm in March 2011 as managing director after working at Tiffany & Co on Bond Street in London.
Ms Dimmick has taken a controlling stake in the business and will sit alongside current finance and operations director Mark Williams and Alan Higgs, who is the chairman of jeweller TH Baker, on the new board.
Co-founder Mr Green said, “We’re delighted to be handing over the ownership of Green + Benz to a management team who have the ambition and integrity to develop and grow the business.”
Ms Dimmick commented on the deal, “Plans are in place to increase the turnover of the business in the next five years with store developments, expanding product ranges and services and online technology all avenues that will be explored further.”
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.