Guitar Guitar from Glasgow takes a step towards employee ownership

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A GLASGOW music store is one of the first in the UK to be handed over to its employees.

Guitar store workers will see 60 percent of all shares go into an employee stock ownership trust that will provide the team with the majority of business and profits.

The guitar firm has six locations, including Glasgow, across the UK.

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Graham Bell, co-founder, said: “Our team is thrilled to find they now own a piece of this incredible company. The success of guitarguitar is the result of the commitment and hard work of our staff and we have now decided to take the next step and give them their own piece of the business.

“We have spent the past 20 years building a brand that we are passionate about. We wanted to make sure the business means something to future owners when it comes time to step back.

“Not only did we want to reward staff for their efforts within the business, but we also wanted to ensure that our customers will always be front and center. Every experience a customer has at guitarguitar will now be with someone who is invested and committed to providing exceptional service to musicians.

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The company is the first musical instrument retailer to take the step towards employee ownership.

Bobby Simpson, Operations Manager at guitarguitar, said: “Today is a fantastic day for the guitarguitar team. What a brilliant start to the year knowing that Kip and Graham have full confidence in every member of staff to continue and grow the guitarguitar legacy.

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