Son of Dunelm founders sells £192m stake in company

Will Adderley, the deputy chairman and the son of Dunelm founders Bill and Jean Adderley, has sold a £192m stake in the company.

Adderley offloaded 15 million shares – representing a 7.4% stake of the thriving homewares retailer – at a price is £12.80 per share.

Dunelm says the sale is aimed at “achieving a greater portfolio diversification” for the Adderley. The shares will be held by a company called WA Capital, controlled by Adderley and his wife Nadine.

Adderley will continue to hold a 17.8% share of the company and the family as a whole would control around 43.2% of Dunelm.

A statement from Dunelm said: “Will Adderley remains fully committed to Dunelm in his role as deputy chairman as well as a very substantial shareholder in the Company and his working relationship with the company is unchanged.”