Riverford

Im not surprised for one minute that the owner of this brilliant company is doing this – more power to his elbow. This story, brought to my attention by Rob Poole, real food aficionado tells us:

74% of Riverford will move into an Employee Trust, benefiting all employees equally

Founder-owner Guy Singh-Watson will retain 26% and a very active role

After research and reflection over more than a decade, Guy has chosen employee ownership to protect Riverford’s values, ensure its independence, and because he believes the employees are the best people for the job

The rejection of outside investors and choice of EO to secure its succession continues Riverford’s challenging stance on business norms. EO is a gathering movement, seeing growth of around 60% since 2010. Done well, it has demonstrable benefits for staff and business, including higher productivity, higher morale, and less debt