A private equity firm has acquired Arran Aromatics from administrators.
The luxury soap firm, founded on Arran by the Russell family in 1989, has six retail outlets and sales of £6 million, but was in need of new investment.
The company was put into administration and bought by Endless. A third of the company’s 100 jobs are based on Arran and all have been saved by the deal.
Endless has installed the former head of Molton Brown to run the business.
Andrew Russell, the son of the founders and brand director, said: “We are delighted to have received the investment from Endless, which has been delivered at a vital time for Arran.
“The investment in the brand over the past few years has positioned it well for growth across a wide range of geographies and this new investment will help us make this a reality.
“‘We are all very excited about the future.”
Endless has previously invested in The Works stores, Bathstore and The West Cornwall Pasty Company.
Francesco Santinon, who led the investment for the company, said: “We are delighted to be working with the Russell family to continue the progress of recent years of establishing Arran on a global stage and expect to be announcing more retail stores in the future.
“Due to the growing pains experienced over recent years, it became evident that Arran required further investment that has now been secured as has the future for its employees. Its manufacturing and retail operations will continue to operate as normal.”