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Insider UK
Insider UK
Business
John Glover

Guitarguitar becomes employee-owned to let owners plan their exit

Guitarguitar has become one of the first musical instrument retailers in the UK to move to employee ownership.

The Glasgow-headquartered business has restructured its business, putting 60% of shares into an employee ownership trust, giving its staff of 160 majority ownership.

Founders Kip McBay and Graham Bell decided to make the switch to employee ownership to let them plan their exits from the company without threatening the legacy of the brand.

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