Black Tomato Founders Sell 75% to Employee Ownership Trust — But Keep Control: Exclusive

The founders of Black Tomato have sold the majority of their shares in a deal that gives them liquidity while keeping decision-making power — and qualifies them for a potential tax benefit.

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Frequently Asked Questions

What percentage of Black Tomato did the founders sell?

The founders sold 75% of Black Tomato.

What is an Employee Ownership Trust?

An Employee Ownership Trust allows employees to hold shares in the company, promoting employee involvement and ownership.

Why did the founders choose this deal structure?

They aimed for liquidity while retaining decision-making control and potentially qualifying for tax benefits.

What benefits does the Employee Ownership Trust provide?

It can enhance employee engagement and provide tax advantages to the founders.