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Camera retailer Jessops returns for a second shot

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

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.
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