Acquires 35 Shops and 110 Employees in Deal
- Timpson acquires In-Time out of administration
- 35 shops acquired
- 110 new employees taken on
- Value of deal undisclosed
Timpson, a Manchester-based company, has acquired watch and jewellery repairer In-Time after it collapsed before Christmas. As part of the deal, Timpson has taken on 110 new employees from In-Time and acquired 35 shops across the UK. In-Time, based in Southport and operating since 1981, had around 50 branches prior to the acquisition. FRP Advisory was appointed as administrators on January 5 and secured a pre-pack sale to Timpson.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the acquisition of In-Time by Timpson, including details such as the number of shops acquired, employees taken on, and the history of In-Time. It also includes a quote from James Timpson, the CEO of Timpson Group, confirming the deal.
Noise Level: 2
Noise Justification: The article provides relevant information about a business acquisition and its impact on the involved companies and employees without any unnecessary filler content or misleading statements.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of In-Time by Timpson impacts the companies involved in the watch and jewellery repair industry.
Financial Rating Justification: This article discusses a company acquisition, which is related to financial transactions and affects the operations of two businesses within the same industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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