Date Posted: Monday 3rd April 2023
Twelve years after his initial investment, Lord Alan Sugar, 76, and Susie Ma, 34, have agreed to terms that return Tropic Skincare to a 100% founder-owned company. Founded in 2004 by acclaimed businesswoman, Susie Ma, Tropic has today announced the buyout of 50% shareholder, Lord Sugar. One of the UK's fastest-growing businesses*, Tropic has received external funding only once in its nineteen-year history with Lord Sugar's investment of £200k in 2011
As always, the business will continue operating under Susie Ma’s strategic direction as CEO. Ma remains steadfast in continuing to be a force for good, championing the company’s Infinite Purpose to help create a healthier, greener, more empowered world and generating company growth, both through its brand ambassadors and direct-to-consumer.
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