Connect to share and comment

Camera retailer Jessops returns for a second shot

March 27, 2013 20:45
By Neil Maidment LONDON (Reuters) - Britain's squeezed high street will receive a much-needed boost on Thursday when camera specialist Jessops is brought back to life by a well-known entrepreneur less than three months after its collapse. Peter Jones, whose investments span the food, entertainment and media sectors, will reopen six Jessops stores this week, with up to 30 more opening next month.

British camera retailer Jessops sold after collapse

February 1, 2013 13:00
Britain's failed camera retailer Jessops has been purchased by a group that includes entrepreneur Peter Jones, who stars on business-themed television show Dragon's Den, administrators said on Friday. Administrator PriceWaterhouseCoopers said in a statement that it had sold "the brand and certain other assets" after Jessops, which dates from 1935, closed its 187 stores and laid off 1,370 stores last month. It had collapsed into administration -- in which a troubled company calls upon independent expert financial help in an attempt to stay operational -- a day earlier.

Jessops to close all 187 stores at cost of 1,370 jobs

January 11, 2013 14:00
LONDON, Jan 11 (Reuters) - Jessops, the British camera retailer that went into administration on Wednesday, said it was closing all 187 of its stores on Friday, resulting in about 1,370 job losses. Joint administrator Rob Hunt at PwC said he had held talks with suppliers, but it was apparent that the chain could not continue to trade. "We have had to make the difficult decision to begin the closure of all 187 Jessops stores at the close of business today," he said in a statement.

UK retailer Jessops enters administration

January 9, 2013 12:45
LONDON, Jan 9 (Reuters) - Camera specialist Jessops called in administrators PwC on Wednesday, becoming Britain's first high street casualty following a tough Christmas for retailers. The group, which operates from 192 stores and has around 2,000 employees, has seen demand for its digital products come under pressure from the rising use of camera phones and online rivals. Many British retailers have struggled recently as inflation, muted wages growth and government austerity measures squeeze household budgets.
Syndicate content