Advising The Timpson Group on acquisition of In-Time

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We have overseen another successful deal for longstanding client The Timpson Group. The latest negotiation saw the British retail institution acquire watch and jewellery repair specialist, In-Time, in a pre-packed deal that saved 110 jobs across 35 UK locations.

Our team was approached during the Christmas period and instructed by Timpson to act on an urgent basis in order to ensure staff jobs, and the reopening of In-Time department store concessions, and shopping centre kiosks in the new year.

The deal required a collaborative approach from several Gateley teams to come together and act at great speed in order to get the result the client wanted in the short time frame.

Corporate restructuring legal director, Gavin Clarke fronted the deal with support from partner Chris Thompson on employment, and senior associate Charlotte Chapman for real estate expertise.

“We’re delighted to have acted on behalf of longstanding client Timpson to secure this deal for them in such a short space of time,” says Gavin Clarke. “We were instructed on 27 December 2022, and we completed the deal for Timpson on 5 January 2023. It really was a fast-paced negotiation with fantastic efforts by the team on both sides to safeguard the original In-Time company structure and save more than 100 jobs.”

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