Investor funds fueling Hunter's business growth plan.
Hunter Boot Gets New Majority Shareholder: Searchlight Capital Partners
In a significant move, British rubber boot manufacturer Hunter Boot has a new majority shareholder – Searchlight Capital Partners. The incorporation aims to finance Hunter's business expansion by extending its product range and geographical growth.
Founded by an entrepreneur who also co-founded the fashion firm Thomas Pink in 1984, Hunter Boot is present in over thirty countries. However, the company's founder is not currently mentioned as part of the new management team.
The changes in ownership and management are intended to support Hunter Boot's ongoing success. Searchlight Capital Partners will reinforce Hunter's management team by hiring a new CEO and a new creative director. The identities of these new additions have not been explicitly mentioned yet.
Current shareholders, including Hunter's president, Peter Mullen, will retain a "significant" stake following the operation. Mullen will continue as president of Hunter Boot, a company that reached a turnover of 56 million pounds in 2010.
The new management team will contribute to the growth and development of Hunter Boot, as intended by the incorporation. Wendy Svarre will remain as CEO of Hunter Boot in the United States. Searchlight Capital Partners will also hire a new creative director for Hunter Boot.
Thomas Pink, another fashion firm, was later acquired by LVMH. The exact participation of Searchlight Capital Partners in Hunter Boot is currently unknown. The company's founder started his entrepreneurial journey with his brothers John and James.
It's worth noting that Wendy Svarre is not mentioned as part of the new management team. The new CEO of Hunter Boot after Searchlight Capital Partners acquired the majority stake has not been explicitly mentioned in the available search results. The current role or involvement of the company's founder following the incorporation is not specified.
The incorporation is expected to allow for the growth and development of Hunter Boot's business. With the new management team in place, Hunter Boot is poised for an exciting new chapter in its history.
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