Timpson focuses on Snappy Snaps
TIMPSON, the Manchester-based family-owned retailer, has added 120 shops to its photo business with the acquisition of Snappy Snaps.
The business, which operates in London and the South East, will complement Timpson’s 200 Max Spielmann photo stores and 750 shoe repair shops.
The sale price was not disclosed, but Timpson is understood to have paid between £2m-£3m.
In a statement it said Snappy Snaps was a “perfect fit” with Max Spielmann geographically, although it plans to keep the brand.
Chief executive James Timpson said, “We will continue with the well-known Snappy Snaps brand and its successful franchise format. Since we bought Max Spielmann four years ago the shops have been transformed from a traditional photo processor into a very successful photo format specialising in passport photos, portraits and photo gifts.
“Snappy Snaps has also kept ahead of trends in the digital market and their geographical distribution is a perfect fit with Max Spielmann.”
Snappy Snaps has been sold by Tim MacAndrews and Don Kennedy who founded the business in 1983. All branches are franchised and the company has a consistent record of profitability, said Timpson.
