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TISO GROUP ACQUIRE GEORGE FISHER

Friday, June 29, 2007

Tiso Group acquire George Fisher
Issued on behalf of the Tiso Group
Tiso Group Ltd has acquired George Fisher Ltd, England’s leading independent outdoor shop based in Keswick. The business was put up for sale at the start of the year due to the owners looking to retire, during which period Tiso emerged as the preferred bidder amongst strong interest from within the industry.

In a deal worth over £3 million, Tiso Group, parent company of one of the UK’s most successful independent outdoor retailers, Graham Tiso Ltd, recognised that George Fisher had a natural synergy with its own business model and operating philosophy, which is driven by customer service and product integrity.

Chris Tiso, Chief Executive, said 'George Fisher provides a natural fit with Tiso and we are very excited at the prospect of taking the business forward under the George Fisher name. The primary focus and objective now will be to ensure that the integrity of the business is maintained and the offering continues to be in line with expectations of the existing core customer base. We have enormous respect for the business and recognise its position in both the local and national markets.’

Tiso will be relying heavily on the very experienced George Fisher team to work with them to take it forward, with the support of the senior management team at Tiso.
Michael Standring, of George Fisher, commented, 'George Fisher has evolved over the last 50 years to what it is today, one of the most respected independent outdoor retailers in the UK. It is essential that it is taken forward to the next level by someone who shares and understands our values and our customers’ expectations. George Fisher has led the way in the Lake District in terms of exceptional service, product integrity and retail innovation, and I believe that Tiso is best placed to ensure that this remains the case.
George Fisher will retain both its name and existing management team.

Good luck with the new project from all the Lodge family!

posted by glenmore @ 3:47 pm 

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