Dyson invest in family
- 13 Apr, 2015
The founder of Dyson Ltd is making moves in the world of lighting. Sir James Dyson has bought his son’s lighting company, Jake Dyson Products, which will now form part of the ever-innovative Dyson Group. Jake Dyson Products develops high end lighting solutions and their technology and design will feature in future Dyson products. Jame Dyson's vision is to keep the business a family affair, while also evolving the Dyson group's portfolio, and acquiring his son's company ensures that. “I want the business to remain a family business,” Sir James told the Financial Times in an interview. “Jake is highly competent, loves technology, and has good business sense and marketing sense. He’s got all the things I had and more, because he’s more inventive. So he will take it to places I couldn’t.” Financial Times Jake and his brother Sam are already non-exec board members and have been since 2013. This is seen as the first phase of succession for the brothers to take over the Dyson family business.