EOS magazine news

London Camera Exchange, England’s largest chain of independent photographic stores, has announced it is to move to employee ownership after 65 years as a family business. Originally planned for March 2020, the transition was delayed due to the pandemic, but the change to employee ownership will now be completed at the end of March 2021. An Employee Ownership Trust has been set up with trustees consisting of employees who will represent the company’s 140-strong workforce. Outgoing owner Steve Hall commented, “While the business is breaking direct links with the family of its founders, we are essentially moving to the ownership of the broader London Camera Exchange family. My father was a great believer in people, and this is something that he would have wanted. I am pleased to be able to pass over the business to its loyal employee family in such great shape.” The transition is being overseen by managing director Nick Richens, who commented, “London Camera Exchange has gone about its bu...