Acura increases equity stake in Clive Christian SL

Following extensive negotiations, Acura has now increased its equity position in Clive Christian SL, giving it control of the world class brand in Spain and Portugal.

 

As part of the agreed investment restructuring, Tony Huxley has sold his equity and left the board. Tony will be pursuing new interests in the UK and Acura wishes him every possible success for the future.

 

John Hubbard continues in his role as Managing Director, with the full support and backing of the Acura Board.

 

“We have been impressed by John Hubbard’s commitment to working with Acura to make the Clive Christian business a success. We want to give him, and his dedicated team, the resources and support they need to continue to grow the business into the future” said Acura CEO, Mike Jordan.

 

Having secured a strategic position, Acura is now planning further substantial investment into the Clive Christian business to facilitate an aggressive expansion programme throughout Iberia.