Conran & Associates leadership completes management buyout

Presidents Tina Norden, Simon Kincaid, Sebastian Conran, Katie Clarke and Tim Powder Ridger took ownership of the British and international design firm this month after finalizing the acquisition.

In a corporate statement they are described as having held key roles in the 77 person practice for many years [and have] She was instrumental in the growth and development of the business.

All five own an equal stake in the company founded half a century ago by Terrence Conran, including his son Sebastian.

The previous owner of the company was Conran Holdings Ltd, a holding company owned by the sons and family of the late architect.

This move follows Sir Terence Conran dies in 2020, aged 88 years. The architect and interior designer was a prolific furniture maker, retailer, and restaurateur best known for founding Habitat and the Design Museum as well as the architecture and design studio that bears his name.

Powder Ridger said the move signaled a new era for the practice. “Conran & Associates is first and foremost a creative company,” he said. “The new ownership is an incredibly exciting moment for us to build on a unique legacy and drive the business forward with a clear purpose.”

The AJ100 Clinic has offices in London and Hong Kong. The company made a pre-tax loss of £513,000 on revenue of £5.9m in the latest reported financial year, to 31 March 2021.

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