Pero sells control in business

Pero says the sale of the stake will help take the firm to a "higher level" and that he and Gould Holdings will each retain long-term shareholdings in the company.

Gould is chairman and through Gould Holdings, a major investor in two listed companies, Designer Textiles Limited and Vertex Group Holdings Limited.

Gould says that it will be business as usual under the new ownership structure. No staff positions are affected, nor are franchise arrangements or arrangements with the banks that the company services.

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