Lux Group Holdings, the owner of the Smallbone of Devizes, Mark Wilkinson Furniture and Brookmans brands, has acquired manufacturer and retailer McCarron & Co for an undisclosed sum.
The business and assets were bought on July 12, securing the future of 41 employees and continued production in Bromham, Wiltshire. Two of the three McCarron & Co showrooms – Chelsea and Bromham – will continue trading, but the company has confirmed that the Notting Hill branch will close.
Samantha Clegg, group head of marketing for Lux Group Holdings, said: “McCarron & Co are a great addition as the brand ethos complements our current offering of the finest British bespoke furniture pioneering new designs and techniques.
“This is the perfect platform and timing for us to progress our luxury business and develop a major share in the global luxury kitchen industry.”
Lux Group Holdings is the new name for SMWF Ltd, the company formed in November 2018 to buy the business assets of former Smallbone of Devizes and Mark Wilkinson owner Canburg in a pre-pack deal.
It is a subsidiary of Sapphire 700, the umbrella group owned by New York-based real estate specialist Gary Barnett’s Extell Development Company.
The McCarron & Co move is serendipitous as founder Andy McCarron started the company in 2009 after more than 20 years at Mark Wilkinson Furniture.