Acquired by the Timpson Group in 2008, the business was founded in 1951 by Wirral-based David Graham and his business partner, David Reed, and originally operated as a photo production service for chemists and hardware stores. Max Spielmann is a specialist photo printing service chain in the UK, with 420 stores across the country. Max Spielmann Max Spielmann shop in Darlington, 2022. This includes self-service photo ID booths, self-service photo printing kiosks, Timpson Locksmiths, Timpson online and international franchising. Timpson Direct was established in 2020 to develop the non-retail businesses within the Timpson Group. There are currently 400 pods in operation. Over half of Timpson shops are now based in out-of-town supermarket sites, predominantly in “pod” stores that are constructed off-site and driven to their location in the supermarket car park. Its main services include key cutting, shoe repairs, watch repairs, engraving, phone repairs, photo processing and dry cleaning. Timpson Ltd is the largest service retailer in the UK, with 1300 shops across the UK and Ireland. Brands Timpson A Timpson supermarket pod store, in 2021. ĭuring the COVID-19 pandemic, the company temporarily closed its 2150 stores, along with many other retailers, and was noted for paying its colleagues full pay throughout the closures. In 2018, the business celebrated the opening of the Timpson Group’s 2000th shop, and purchased The Watch Lab in April 2021. Timpson agreed a partnership with Morrisons in May 2016, taking over the dry cleaning operations in 116 stores, before acquiring the Johnsons Service Group in January 2017, which included Johnsons The Cleaners and Jeeves of Belgravia. This marked the business's first real involvement in the photo printing industry, and was followed by the purchase of Snappy Snaps chain in 2013, Tesco Photo in 2014, and a partnership deal with Asda Photo in 2018. In June 2008, the Timpson Group acquired 40 Persil Service concessions located in Sainsbury's stores, then bought Max Spielmann out of administration later that same year. The business has since grown through a series of acquisitions, with the notable purchases of Automagic and Mister Minit expanding the number of Timpson shops from 145 to 600 by 2003. Retail acquisitions A Timpson shop inside a Morrisons supermarket, 2016.Īfter diversifying into engraving, watch repairs, dry cleaning and other services, John Timpson bought the other 3 shareholders out in 1991. After four years of poor trading, to reduce debt on the balance sheet, the company sold the loss-making shoe retail business for £15,000,000 to rival George Oliver, and focused on building the shoe repairing and key cutting business. To raise funds, £30,000,000 came from selling the freeholds of the firm's stores and leasing them back, the rest via debt financing from venture capitalists. In 1983, John led a £42,000,000 management buyout of William Timpson from then-owners Hanson Trust plc. John stayed with the firm, became managing director of leather and fur retailers Swears & Wells, then in 1975 appointed managing director of the former family business, William Timpson Ltd. In 1973, after John's father Anthony was ousted as chairman by his uncle Geoffrey, the company was acquired for £28,600,000 by United Drapery Stores. In the early-1960s, family member and graduate of the University of Nottingham John Timpson returned from a post-graduate management training scheme to join the family-owned business, becoming director responsible for buying in 1970. The company moved its headquarters to Wythenshawe in 1964. The company was listed on the London Stock Exchange in 1929. It expanded into shoe manufacturing in 1884 at factories in Kettering, and repairs in 1903. Timpson was founded in 1865 by shoemaker William Timpson and his brother-in-law Walter Joyce, selling shoes at 298 Oldham Road, Manchester. History Origins Timpson shop on School Road, Sale, Manchester, in 1934. The business is based in Wythenshawe, Manchester, owned by Sir John Timpson, and run by his son, James Timpson. The Timpson Group is a British and Irish service retailer that has a number of different brands across its portfolio of 2,100 stores, including Timpson, Max Spielmann, Johnsons The Cleaners, Snappy Snaps, Jeeves of Belgravia, The Watch Lab and Flock Inns. Timpson Chef Academy Community Interest Company.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |