This staple of the British high street has spent £500,000 a week to top up the wages of furloughed staff to their full pay. The Manchester firm — which employs 1,200 former offenders in its 5,400-strong workforce — is run by the founder’s great-grandson, chairman Sir John Timpson, 77, and his son James, 49, who is chief executive. Originally founded as a shoe retailer by William Timpson in 1865, the chain offers dry cleaning, key-cutting and watch and shoe repairs in more than 2,100 shops. Profits rose 42% to £20.4m in 2019.
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