Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 11°C

ESTD 1874 Search

UK: Dragons’ Den star Peter Jones in deal to acquire Jessops brand

09:24 01 February 2013

Dragons

Dragons' Den star Peter Jones

FAILED high street camera retailer Jessops has been snapped up by a group of buyers that includes Dragon’s Den star Peter Jones.

shares

The deal has been agreed by PricewaterhouseCoopers (PwC), which was appointed as administrator to the collapsed chain last month, but it is not known if the buyers will reopen any Jessops stores as part of the purchase.

Rob Hunt from PwC said: “We can confirm that we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones CBE.”

Jessops collapsed on January 9 and two days later administrators announced the closure of all 187 Jessops stores – which included branches in Ipswich Bury St Edmunds, Colchester, Lowestoft, Chelmsford, Cambridge and Norwich – and the loss of almost 1,500 jobs, including likely losses at the group’s head office in Leicester.

The camera giant was the first high-profile retail casualty of 2013, after suffering from online competition and a boom in camera phones in recent years, hitting demand for digital cameras.

Jessops had struggled since 2007, when it underwent a major overhaul with a swathe of store closures.

The firm began life in 1935 when Frank Jessop opened his first shop in Leicester.

Yesterday almost 190 jobs were axed at HMV in the first wave of redundancies following the stricken music and entertainment chain’s collapse.

HMV also went into administration last month, putting more than 4,120 jobs and 223 stores at risk.

Related articles

shares

0 comments

From left, Morgan O’Sullivan of Cushman, Simon Jennings of Ernest Doe & Sons, Darren Baldwin of Tottenham Hotspur FC and Andy Turbin, also fo Ernest Doe & Sons, with the fleet of electric vehicles supplied for the club's training ground.
Photo: Contributed

Tottenham Hotspur weren’t quite able to cut it in the Premier League, just missing out on this year’s title to Leicester City.

David Finch of Essex County Council.

The search is on for the fastest-growing and most innovative small and medium-sized businesses in Essex.

Estate agen John Palmer is having 2 St Nicholas Street, refurbishedfor Palmer & Partners.
St Nicholas Street is behind him with the new office in the foreground

History revealed in refurbishment of offices for estate agency

The 12 finalists in the Fast And Furious Pitch Off competition during their pitching training day at the St John’s Innovation Centre.

Representatives from 12 businesses selected to pitch for cash prizes at a major regional innovation event later this month got an opportunity to sharpen their pitching skills at a special workshop session.

Eliza Jones of Chosan, left, at her stand.

A Colchester entrepreneur has taken inspiration from her African heritage to launch a range of organic drinks.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24