The owners of Pembrokeshire’s long-running wool blanket family business, Melin Tregwynt, have transferred the running of the business to their staff. Eifion and Amanda Griffiths have handed over the reins to their 42 employees via an employee-owned trust.
The couple said the workers were the right people to carry on the business while giving them all a stake in its future. Mr and Mrs Griffiths, who have run the mill and shop for 35 years, will remain on a part-time basis but plan to reduce their time at the business as ownership is transferred to the trust.
The employee-owned trust will manage the mill, which has been in the Griffiths family since 1912 when it was set up by Mr Griffiths’ grandfather. Staff will be free to make decisions as the founders are paid a staggered amount as they step back from the business.
