The Apprentice winner buys out Lord Sugar after 14 years
Tom Pellereau has regained full control of Stylpro after buying out Lord Alan Sugar’s 50% stake in the beauty-tech company. The deal, completed in July 2015, ends a 14-year partnership that began when Pellereau won The Apprentice in 2011. The purchase price remains undisclosed, but it delivered a substantial return on Sugar’s original £250,000 investment.
Pellereau first secured Sugar’s backing after becoming the first Apprentice winner to receive a cash investment and business partnership instead of a job within Sugar’s empire. Their collaboration helped grow Stylpro, a brand specialising in LED face masks and makeup brush cleaners, with sales spanning the UK, Europe, the US, and Australia.
Lord Sugar agreed to the buyout to give Pellereau and his team full independence to expand the company further. In a statement, Sugar praised Pellereau’s evolution from an inventor into a capable business leader. Pellereau, in turn, thanked Sugar for his financial support, mentorship, and guidance over the years.
Despite the change in ownership, Pellereau will continue as Stylpro’s chief executive. The buyout marks the end of a long-standing professional relationship that began with a reality TV victory and led to a thriving international business.
The deal leaves Pellereau as the sole owner of Stylpro, free to steer the company’s future direction. With a proven product range and a global customer base, the business now operates independently of Sugar’s involvement. The buyout also highlights the success of their original partnership, which turned a modest investment into a profitable exit.
Read also:
- Federal Funding Supports Increase in Family Medicine Residency Program, Focusing on Rural Health Developments
- Potential Role of DHA in Shielding the Brain from Saturated Fats?
- Alternative Gentle Retinoid: Exploring Bakuchiol Salicylate for Sensitive Skin
- Hanoi initiates a trial program for rabies control, along with efforts to facilitate the transition from the dog and cat meat trade industry.
