NEWS
Future of historic footwear firm secured with completion of MBO
Mr Linford said, “I and my management team
are really pleased that we have been able to agree this management buy-out. The Florida Group, and its brands, has such a strong presence in the shoe trade. “The team and I have exciting plans to take the
The future of Norwich’s last remaining shoe
manufacturer was secured this week with completion of a management buyout from its family owners. The Florida Group’s management team, led by
managing director Tony Linford, have finalised the buy-out from chairman Simon Goodman and family. It represents a change of ownership for the company founded by Mr Goodman’s grandfather Adelman Goodman in the early 1900s. Mr Goodman will step down as chairman, although he will retain a stake. As well as Mr Linford, the management team involved in the buy-out comprises head of product Claire Farmer, head of marketing Jason Larke, head of finance
and HR Pamela Clarke, and head of logistics Anne-Mette Christensen, all of whom become Directors of the company. Mr Linford joined The Florida Group in 2008,
recruiting the current management team in the ensuing 12 months. Simon Goodman said, “As I have approached
retirement, my primary concern has been to secure the future of the Florida Group and the people who work within the company. I am delighted that this is now set to happen. “This is a really strong leadership team which is
ideally placed to take the company into the future, and I step down in the knowledge that this great business is in safe hands.”
company forward. We plan to expand the business, taking advantage of the opportunities being presented by changes in the footwear industry. We will announce more detailed plans in due course. “After so many years in the hands of the Goodman family, I feel privileged to be taking the helm of such a great business, and I am determined to build a future for the company which is as distinguished as its history to date.”
The Florida Group
E:
Jason.Larke@
floridagroup.co.uk M: +447970499144 DDl: +44 1603 493108 W:
www.floridagroup.co.uk
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