Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Apprentice winner Dr Leah Totton and Lord Sugar secure multi-million pound payout after selling majority stake in cosmetic clinics

Dr Leah Totton, the 2013 winner of The Apprentice, and her business partner, Lord Alan Sugar, have secured a multi-million pound payout after selling a majority stake in their Botox and cosmetic clinic chain to Advanced Aesthetics Partners (AAP).

Dr Leah Clinics, which was co-founded by Totton and Sugar following her £250,000 investment win on the BBC show, has grown into a successful chain across London and Essex, offering treatments including non-surgical facelifts, injectable fillers, and skin treatments.

While the value of the sale remains undisclosed, the business is reportedly valued at over £7 million. Both Totton and Sugar, who each held a 50% stake in the company prior to the sale, will remain shareholders.

Dr Leah, a former NHS A&E doctor from Londonderry, Northern Ireland, reflected on her journey since entering The Apprentice as a 25-year-old with little business experience. She credited the show as a “life-changing opportunity” and expressed her excitement about the future growth of the brand under its new ownership. The deal also includes Dr Leah’s skincare line, launched in 2022.

AAP, which specialises in acquiring UK aesthetic clinics, plans to expand the Dr Leah brand further. This deal follows the successful sale of Climb Online, another business formed from The Apprentice, founded by 2014 winner Mark Wright, which sold for approximately £10 million in 2022.

Lord Sugar has previously benefited from another post- Apprentice success, having sold his stake in Tropic Skincare back to its founder, Susie Ma, a former contestant on the show, in a similar multi-million pound deal.

Read more:
Apprentice winner Dr Leah Totton and Lord Sugar secure multi-million pound payout after selling majority stake in cosmetic clinics

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved