WATCH IT! Takes Over Timeco

WATCH IT! Takes Over Timeco

Industry leader, WATCH IT! purchases three of the Lower Mainland Timeco locations

July 08, 2013 // Franchising.com // Vancouver BC – Recognized as one of Canada’s leading boutique retailers, WATCH IT! is proud to announce the acquisition of BC-based watch retailer, Timeco. Effective July 1st 2013, all three Timeco locations in the Lower Mainland will join the WATCH IT! family.

The Pacific Centre and Richmond locations will become WATCH IT! stores, while the Metrotown Timeco location will transform into a specialty boutique that will complement WATCH IT!’s current Metrotown location. This new boutique will operate as a sister store of WATCH IT!, and will be entitled, Quartz&Chronos featuring a new mix of timepiece and sunglass brands not traditionally found in other WATCH IT! locations. Both companies will continue to partner with one another as the Timeco service centre will become the official watch repair service for all WATCH IT! locations located in the Lower Mainland.

Founded in 1999, by entrepreneur Darren Bondar, WATCH IT! launched its flagship boutique in Edmonton, Alberta offering fashionable timepieces and high-quality service. Through strong partnerships with franchisees, WATCH IT! has flourished into one of the most well-recognized boutique retailers in the Canadian retail industry with 28 locations across the nation. An industry leader in fostering growth among entrepreneurs in Canada, WATCH IT! was awarded the Top Franchises of 2011 awards by the Canadian Franchise Association. Darren Bondar was also selected to the 2010 Class of Avenue Edmonton magazine’s Top 40 Under 40 awards.

Established in 1987 as a small, family-operated venture, Timeco grew to over twenty locations at its peak. Having purchased the Timeco Market Mall Calgary location in 2008, WATCH IT!’s acquisition deal with Timeco has been in the works since the first phase of the takeover. By adding an additional three locations to its retail network in the Metro Vancouver region (for a total of six on July 1st), WATCH IT! will be able to further tap into the influential Vancouver demographic.

“We love the Vancouver market and have been waiting for this opportunity to really showcase the WATCH IT! brand and connect with more Vancouver customers,” says Darren Bondar, President and Founder of WATCH IT!

”As I move onto the next phase of my life, I am glad that our stores will become part of the WATCH IT! fold and want to thank all of our customers for their patronage. I am confident that WATCH IT! will continue to service their needs for many years to come.

For interview requests with Darren Bondar or for further information, email: winston.ma@lotusleaf.ca

About WATCH IT!

In November 1999, WATCH IT! launched its flagship boutique in Edmonton, Alberta offering fashionable timepieces and high-quality service. Today, WATCH IT! maintains its fundamental mandate while also adding sunglasses and accessories to the mix. Through strong partnerships with franchisees, WATCH IT! continues to flourish as one of Canada’s most well-recognized boutique retailers in the Canadian retail industry. WATCH IT! currently has 25 locations across Canada. For more info and a full retailer listing link to: www.watchit.ca

SOURCE WATCH IT!

Media Contacts:

Winston Ma
416 928 1978
winston.ma@lotusleaf.ca

Julia Che
416 928 1978
julia.che@lotusleaf.ca

WATCH IT!
National Marketing Director
Kristi Mansley
778 233 1840
kristi@watchit.ca

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