Local Heroes: How Loch Fyne Oysters Embraced Employee Ownership and Business Success

by David Erdal (Author)

• Used

  Hardcover
  2008

  $3.42

  Local Heroes relates the extraordinary evolution of Loch Fyne Oysters, the highly successful and environmentally pioneering seafood company from the west coast of Scotland. A remarkably eloquent and inspiring read, it describes how two men from entirely different walks of life founded and built the company, and how the employee buy-out transpired and developed. The founding partners were Johnny Noble, an extrovert estate-owner drowning in debt, and Andy Lane, a marine biologist who was committed to environmentalism from the age of eight. The sudden death of Noble precipitated four bids from large companies keen to acquire the brand, but in 2003 an all-employee buyout fought off the would-be 'predators', then faced the challenging but energising process of managing an employee-owned company.

• Used

  Paperback
  2009

  $3.42

  In 2003, with Loch Fyne Oysters vulnerable to corporate takeover, its 112 employees bid for the company and won. Six years on, with business growing robustly, the company offers an inspiring example of how sustainability can go hand in hand with commercial success. Recounting Loch Fyne Oysters' colourful birth and journey to employee-ownership, and drawing from his own wealth of experience facilitating employee-buyouts, David Erdal illustrates the benefits - economic, social and environmental - of the model for small and large businesses alike.