Mail order MBO for trio of entrepreneurs

A MANAGEMENT team has completed the buy out of Driffield mail order company, seven years after it was originally acquired.

Kingstown Associates has been bought by a management team consisting of Jody Allan, Wayne Barry and Paul Chambers.

The management trio have bought the business from former owners Nigel Mellor and David Whittle.

The company, which was founded in 2000 and turns over £18m, owns several lifestyle brands aimed at older generations. 

In 2008, Mr Whittle and Mr Mellor themselves completed a... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...