ISS to divest Spectrum Franchising Limited business (Rainbow International)

in Announcements , Company , Facilities Administration , Information , Restoration

19 hrs ago
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ISS provides entered into an contract to divest its expert franchised B2C restoration company, Spectrum Franchising Restricted and its parent business in the united kingdom to Consortium Team RF Restricted.

The divestment, that will see 37 operational workers and support features leave the ISS Team is usually in range with the company’s strategic ambition to simplify its company and strengthening the concentrate on Key Account clients. 

Whilst no arises from the sale have already been disclosed the selling is a section of ISS’ continuous divestment program, which targets around DKK 2 billion altogether net proceeds in 2021 and 2022.

ISS Restoration will continue steadily to serve its commercial insurance policy and B2B consumer base.