Rega is recognised globally for producing high performance, affordable, two channel hi-fi, which lasts a lifetime. We never bow to industry pressure and actively work on being different from other companies. Focusing on this niche marketplace is the cornerstone of our company culture.
The 28th of October 2024 was a significant day in our history that will ensure Rega continues long into the future and our strategy will remain unchanged.
On this day, Roy Gandy gifted 100% of his shares (full ownership) of the company to a Trust to protect Rega long into the future. This incredible gesture, of which Roy Gandy receives zero financial gain, has allowed Rega to become an Employee Ownership Trust (EOT). Becoming an EOT has many advantages, however, the main reason is to protect our culture and decades of hard work. Becoming an EOT prevents the company being sold and potential buyouts (by the dreaded investors) whilst providing all staff with job security going forward.
How does it work and what will change? Nothing will change on a day-to-day basis; the Trust now owns Rega on behalf of all employees. The Trust does not take over the running of the company, although it will be involved in key decisions. All Rega employees become beneficiaries (this is called Indirect Ownership). Roy Gandy remains the sole Director and will continue to work in R&D and sales, the two areas he enjoys the most.
This level of employee empowerment will help maintain and further grow an already successful company and give continuity to our strong company values.
Simply put, these big changes ensure nothing will change and we can continue designing and manufacturing world beating, affordable hi-fi products by hand, here in the UK, safe in the knowledge Rega is protected for years to come.
This is good news for Rega, but should be welcome news to our fantastic dealers, distributors, suppliers and loyal customers across the world.
