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PRODUCT NEWS
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| Ellisons undergoes leadership shake-up to lead next generation of growth |
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| 09 Sep 2024 . BY Megan Whitby |
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| L to R: Lee Farmer, Paul Faulkner, Geoff Morris, Nadine Meakins and Matthew Champney
/ Ellisons |
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Ellisons, one of the UK’s oldest established hair and beauty wholesalers, has confirmed a change of ownership.
Founded in Birmingham, UK, in 1930 and now based in Coventry, Ellisons is dedicated to supporting hair and beauty professionals at every stage of their business journey. The company annually ships over 2.5 million products to nearly 50,000 salons, spas and other customers across the UK and internationally.
The recent transaction marks a leadership transition, with managing director Geoff Morris passing the baton to a new generation.
Key members of the existing management team – Matthew Champney, Lee Farmer and Nadine Meakins – have acquired a significant equity stake in the business.
Joining as chair is Paul Faulkner, a well-known regional business leader and former CEO of Aston Villa, Nottingham Forest and the Greater Birmingham Chambers of Commerce. Morris will continue as a substantial shareholder and advisor, ensuring a smooth transition.
David Tucker from Jasper Equity, who led the transaction, will also join the Ellisons Board.
Morris said: “It gives me pleasure to see a new generation demonstrate their entrepreneurial flair and lead Ellisons into its next 100 years of business.
“Across the business, colleagues show an unrivalled passion and understanding of professional hair and beauty. It gives me great confidence that the experience Paul brings to the existing management team will lead Ellisons towards an exciting new chapter in its long and cherished history.”
Champney added: “The changes ensure that the culture of independence and entrepreneurship – which has always been a hallmark of Ellisons – remains in place. Considerable industry knowledge is also retained in the business alongside the addition of further experience in growing and developing businesses, which will help to set Ellisons up for an exciting future.”
Faulkner added: “Under Geoff’s leadership the business has evolved impressively over the past decade, and I’m excited to be joining as Ellisons embarks on this next chapter of growth.
“We’ll continue to benefit from Geoff’s industry knowledge, and I will support the management team with my own experience of developing teams and achieving results while fostering a dynamic culture within the business.”
More about Ellisons
Ellisons’ categories include skincare and facials, lashes and brows, tanning, cosmetics, nails, waxing, hair products and furniture.
Alongside its online product offering, Ellisons also provides training and development through its online Academy to the health, leisure and spa sectors.
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