Shambala Becomes First UK Festival to Transfer to Employee Ownership Model

Shambala to become first employee-owned UK festival

“Shambala stands for independence and, in an increasingly commercialised festival scene, we simply could not sell to venture capitalists or the big promotion companies”

Shambala is now the UK's first employee-owned festival

Kambe Events, the company behind Northamptonshire-based Shambala Festival, has become the UK’s first festival business to transition to employee ownership, the company has announced today. The move sees the festival’s original co-founders step away from ownership, handing the business to its team through an Employee Ownership Trust (EOT). The announcement comes at a time of significant industry consolidation, with many independent festivals faci…

Shambala becomes first UK festival to transfer to employee ownership model

The company behind Shambala has today announced a landmark transition to employee ownership, becoming the first festival in the UK to adopt this model.

Shambala festival becomes employee owned

Kambe Events, the company behind the 15,000-capacity Shambala festival, has announced that the event’s co-founders are stepping away from ownership and ceding the business to the team members who have helped build it. The transition will see the independent festival, which celebrated its 25th anniversary last year, owned by an Employee Ownership Trust. At a time when the festival sector is increasingly dominated by major promoters, Shambala’s fo…