Who is the founder of Stylpro?

Tom Pellereau, the winner of The Apprentice, is the founder of Stylpro.

What is Stylpro known for?

Stylpro specializes in electrical beauty technology, including popular items like LED face masks and makeup brush cleaners.

What was Lord Sugar's involvement with Stylpro?

Lord Alan Sugar invested £250,000 for a 50% stake in Stylpro 14 years ago, partnering with founder Tom Pellereau.

Home / Business and Economy / Apprentice Winner Buys Out Lord Sugar

Apprentice Winner Buys Out Lord Sugar

19 Dec

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Summary

Tom Pellereau bought Lord Sugar's 50% stake in Stylpro.
The deal occurred 14 years after Lord Sugar invested.
Stylpro is a fast-selling electrical beauty-tech brand.

Tom Pellereau, the winner of The Apprentice, has completed a buyout of Lord Alan Sugar's 50% share in their joint venture, Stylpro. This move consolidates full ownership of the electrical beauty firm under Pellereau, marking the end of a 14-year business partnership that began with Lord Sugar's £250,000 investment.

Pellereau, who now continues as CEO, stated the buyout represented a significant return for Lord Sugar. He conveyed deep gratitude for the initial investment, knowledge, and guidance received, reflecting positively on their shared journey over the past decade and a half.

Lord Sugar acknowledged Pellereau's evolution from a novice inventor to the head of a prominent UK beauty-tech brand. He expressed confidence in Pellereau and his team's ability to propel Stylpro to further success, deeming the current moment opportune for their separation.

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