Home Bargains founder Tom Morris acquires majority stake in the company following the exit of Carte Blanche’s founder Steve Haines and investor Duncan Spence
The company behind Tatty Teddy has been acquired by Home Bargains owner Tom Morris.
Carte Blanche Group has confirmed a change of ownership, following the long-term intention of majority shareholders Steve Haines and Duncan Spence to exit the business. The company said the transition marks a planned and positive step in its evolution.
Incoming shareholder Tom Morris has acquired Steve and Duncan’s interests in the company as an investment only and will have no operational role or involvement in the day-to-day running of the business.
Tom is the founder and owner of Home Bargains. However, his acquisition in Carte Blanche Group is a private investment, and Carte Blanche remains a separate trading entity.
The company’s leadership team, comprising CEO Alister Marchant and financial director Rob Edgerton, will retain their shareholdings and remain in post, continuing to oversee all strategic, commercial, and operational activity. Their ongoing involvement ensures stability, continuity, and a consistent approach to serving customers and partners.
Alister commented: “This ownership transition reflects the desires of the exitingshareholders, Steve and Duncan. We thank them and wish them all the best for the future. It was very important that we found the right investor and, with Tom, we have a shared vision that we will work to make reality, which secures the business, our people, and our brands strongly for the future.
“We have engaged with many customers and suppliers from across all channels in the business and are pleased to confirm their strong support for both the change in ownership and our continued direction,” he added. “Our team remains fully committed to delivering the same high standards our customers expect from us, and trading relationships remain unchanged.”
