The Entertainer: Staff eye tax-free bonuses as founders cede control Retail Almost 2,000 employees of the UK’s biggest toy chain, The Entertainer, are set to receive tax-free bonuses after its founders handed them control of his retail empire. Gary Grant has transferred 100 per cent of his ownership in Teal Group Holdings, which he held alongside his wife Catherine, to an employee ownership trust. The move, [...]
Employee Ownership Trusts surge as entrepreneurs seek tax-friendly exits Entrepreneurship The number of UK businesses transferring ownership to employees through Employee Ownership Trusts (EOTs) as business owners seek to preserve their company's ethos.