Luxury furniture brand Maker&Son has been sold to Manchester investment firm Inc & Co in a multi million deal.
The Sussex-based British furniture brand founded by father & son, Alex Willcock & Felix Conran in 2018, is the latest of a series of recent acquisitions by Inc & Co which celebrated its third anniversary in July with a milestone £30 million turnover in its second year.
It will assume ownership of the full group - which employs 150 staff - and its overseas operations. Recent acquisitions and investments by the Inc & Co group include luxury leather brand KNOMO London, Chop’d, the food and beverage brand, and King Street Grooming.
With headquarters, design studio and showroom in Sussex, Maker&Son has a global presence and manufacturing outposts in the UK, Ireland, the USA, Australia, Asia and New Zealand, with products being made domestically in each of the territories it operates. The brand was recently independently valued at £55 million.
Inc & Co has a track record for backing digitally native, high growth businesses and has high aspirations for the brand, which will see the continued growth of the brand overseas with expansion in Europe, Middle East and North America.
The group has set a predicted turnover for 22/23 of more than £130 million.
Jack Mason, Group CEO of Inc & Co said “We are excited to be joining Maker&Son on its business journey. It is a distinguished brand, with provenance and vision. The fast and international growth to date has proven the strength of the product and we’re looking to expand on this further. Inc & Co much like Maker&Son is honed on creating and delivering products and services for the modern, sustainably-conscious and digitally aware customer. Maker&Son fits seamlessly into the Inc & Co portfolio of brands and we can’t wait get under the skin of the business.”
Felix Conran, co-founder of Maker&Son said the sale will enable the business to continue creating luxury sustainable furniture.
He said: "We are delighted that Inc &Co have seen the value in what we have achieved to date and are excited to work with them to write the next chapter for Maker&Son”
Maker&Son were advised in the sale by Philip Lee. Inc & Co were advised in the sale by Glenville Walker.
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