Timpson (retailer)
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Timpson (retailer)
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. The business is based in Wythenshawe, Manchester, owned by Sir John Timpson, and run by his son, James Timpson. History Origins Timpson was founded in 1865 by shoemaker William Timpson and his brother-in-law Walter Joyce, selling shoes at 298 Oldham Road, Manchester. It expanded into shoe manufacturing in 1884 at factories in Kettering, and repairs in 1903. The company was listed on the London Stock Exchange in 1929. In the 1950s, turnover was around £10,000,000 and profits £900,000. The company moved its headquarters to Wythenshawe in 1964. 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 bus ...
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United Drapery Stores
United Drapery Stores, or UDS, was a British retail group that dominated the British high street from the 1950s to the early 1980s. Early history In 1925, Charterhouse Bank set up Charterhouse Investment Trust. The trust started buying up department stores: Hinds & Co, John Blundell, Shinners, S. Young & Son and Hawes Brothers, as well as retailers Walker & Penistans and Joseph Carton and Co, in the London suburbs under the stewardship of Charterhouse chairman Sir Arthur Wheeler, 1st Baronet. In 1927, the trust floated United Drapery Stores as the holding company for these businesses. In 1928, Henry Glave, a department store in New Oxford Street acquired the business under the management of Sir Arthur Wheeler, 1st Baronet, who had recently resigned from Charterhouse. By 1931, this had grown to 112 retail outlets, however Wheeler was declared bankrupt and Martin Price of ''Viney, Price and Goodyear'' were instructed to resolve the affairs of Henry Glave, with United Drapery Serv ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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TheGuardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ...
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Sainsbury's
J Sainsbury plc, trading as Sainsbury's, is the second largest chain of supermarkets in the United Kingdom, with a 14.6% share of UK supermarket sales. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century. In 1995, Tesco became the market leader when it overtook Sainsbury's, which has since been ranked second or third: it was overtaken by Asda from 2003 to 2014, and again in 2019. In 2018, a planned merger with Asda was blocked by the Competition and Markets Authority over concerns of increased prices for consumers. The holding company, J Sainsbury plc, is split into three divisions: Sainsbury's Supermarkets Ltd ( including convenience shops), Sainsbury's Bank, and Argos. As of 2021, the largest overall shareholder is the sovereign wealth fund of Qatar, the Qatar Investment Authority, which holds 14.99% of the company. It is listed on the London Stock Exchange and is a cons ...
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Persil Service
Persil Service was the trading name of Persil Services Ltd., which operated concession units within selected Sainsbury's stores in the United Kingdom. The company operated over 70 shops and employed staff who were trained to process photographs, prepare dry cleaning and laundry, cut house keys and to serve customers. Persil Service was taken over by Timpson Ltd in May 2008 and all stores are now listed as "Timpson Ltd" branches, with gradual refits across the line bringing storefronts into the Timpson style. History Persil Service began as a subsidiary of Unilever Ventures, part of Unilever, who hold a licence to use the Persil brand. It was initially trialed within eight Sainsbury's stores in Central London in 2002 and after a successful 12-month pilot scheme was implemented within another 34 stores in 2004. Unilever secured a "multi-million pound" deal with Uberior Equity Ltd. to finance the implementation of the new stores. The venture was initially run in partnership with ...
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Dry Cleaning
Dry cleaning is any cleaning process for clothing and textiles using a solvent other than water. Dry cleaning still involves liquid, but clothes are instead soaked in a water-free liquid solvent. Tetrachloroethylene (perchloroethylene), known in the industry as "perc", is the most widely used solvent. Alternative solvents are 1-bromopropane and petroleum spirits. Most natural fibers can be washed in water but some synthetics (e.g., viscose, lyocell, modal, and cupro) react poorly with water and must be dry-cleaned. History Dry cleaning originated with American entrepreneur Thomas L. Jennings. Jennings referred to his method as “dry scouring”. French dye-works operator Jean Baptiste Jolly developed his own method using kerosene and gasoline to clean fabrics. He opened the first dry-cleaners in Paris in 1845. Flammability concerns led William Joseph Stoddard, a dry cleaner from Atlanta, to develop Stoddard solvent (white spirit) as a slightly less flammable alternative ...
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Watchmaker
A watchmaker is an artisan who makes and repairs watches. Since a majority of watches are now factory-made, most modern watchmakers only repair watches. However, originally they were master craftsmen who built watches, including all their parts, by hand. Modern watchmakers, when required to repair older watches, for which replacement parts may not be available, must have fabrication skills, and can typically manufacture replacements for many of the parts found in a watch. The term clockmaker refers to an equivalent occupation specializing in clocks. Most practising professional watchmakers service current or recent production watches. They seldom fabricate replacement parts. Instead they obtain and fit factory spare parts applicable to the watch brand being serviced. The majority of modern watchmakers, particularly in Switzerland and other countries in Europe, work directly for the watchmaking industry and may have completed a formal watchmaking degree at a technical school. ...
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Engraving
Engraving is the practice of incising a design onto a hard, usually flat surface by cutting grooves into it with a Burin (engraving), burin. The result may be a decorated object in itself, as when silver, gold, steel, or Glass engraving, glass are engraved, or may provide an Intaglio (printmaking), intaglio printing plate, of copper or another metal, for printing images on paper as prints or illustrations; these images are also called "engravings". Engraving is one of the oldest and most important techniques in printmaking. Wood engraving is a form of relief printing and is not covered in this article, same with rock engravings like petroglyphs. Engraving was a historically important method of producing images on paper in artistic printmaking, in mapmaking, and also for commercial reproductions and illustrations for books and magazines. It has long been replaced by various photographic processes in its commercial applications and, partly because of the difficulty of learning th ...
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MoneyWeek
''MoneyWeek'' is a British weekly investment magazine that covers financial and economic news and provides commentary and analysis across the UK and global markets. ''MoneyWeek'' is edited in London. It is owned by MoneyWeek Limited, which is now a subsidiary of Future plc, then-parent company Dennis Publishing owned it once before, prior to 2002. From July to December 2015, the magazine had an Audit Bureau of Circulations (ABC) certified circulation of 45,540 (99.0% of which was in the UK and Ireland). History ''MoneyWeek'', founded by Jolyon Connell, was launched in November 2000 and originally published in association with Dennis Publishing. It was designed as a financial version of ''The Week'' magazine, which was founded by Jolyon Connell five years previously. ''MoneyWeek'' was sold by Dennis Publishing to Financial News Ltd. in August 2002. In late 2003, it was bought by U.S. financial publisher, Agora Inc. headed by Bill Bonner, who contributed a weekly column in the ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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