Important changes to the Lorient group
Over the past few years the former Lorient Group of companies has been demerged to create a number of different businesses in different parts of the world. The largest part of this demerger was the management buyout carried out in 2007 by a team comprising Maria Simmonds, Jason Williams and Tom Kingdon who acquired the majority shareholding in the Lorient Group; including Lorient Pacific (in Hong Kong) and Lorient North America. While the Lorient North America business was subsequently sold to Paul Chudley and Kristy Gevedon-Jones, Lorient Holdings still retains a significant share and the two companies continue to trade closely, collaborating wherever possible.
The operations in Australia and Middle East, while trading as Lorient for a period of time, only did so courtesy of a licensing agreement from Lorient, which has now come to an end. Therefore the former Lorient Australia and its operation in Dubai (Lorient Middle East) can no longer trade as Lorient companies. Both companies are undergoing a corporate identity change to trade as their incorporated name: Kilargo. To clarify – these companies are now entirely separate from the Lorient Group and only those companies incorporated by the owners of Lorient in the UK can bear the Lorient name.