Family-run grocer becomes region’s largest employee-owned business

Hale & Sons, the grocery chain founded above a corner shop sixty years ago, will become majority owned by its employees after the founding family transferred 60 per cent of its shares to a trust.

Staff will receive an annual share of profits. The family said it wanted to avoid a sale to a private equity buyer.

Employee ownership has grown rapidly in the region, encouraged by tax incentives introduced five years ago.

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