Posts Tagged ‘jessops’

Jessops Reopening Thirty-Plus Stores, Aims for Apple-esque Sleekness

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Jessops decline into administration and the drama that followed has made headlines almost as often as Kodak and its bankruptcy woes. But while Kodak faces a law suit in its (hopefully) final days of struggle, Jessops has been given a significant boost thanks to investor and Reality TV star Peter Jones. Read more…

Jessops Brand Will Live on Online Thanks to UK Reality TV Star Peter Jones

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It looks like the Jessops name will be sticking around, even if the company’s 187 physical locations won’t. After going into administration (read: bankruptcy) a few weeks ago, and announcing that all stores would be closing, we thought that was it for the once-great UK photography chain.

But, as it turns out, the Jessops brand has found a savior by the name of Peter Jones, a UK entrepreneur made famous by the reality television show Dragons’ Den. The only catch is that Jones won’t be saving the physical stores (or the 1,300+ jobs that depend on them), he only wants the Jessops brand. Read more…

Jessops to Close All Stores, Putting 1,370 People Out of a Job

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A couple of days ago, UK camera retailer Jessops entered administration (essentially bankruptcy), appointing PricewaterhouseCoopers as their administrator and putting them in charge of the store’s fate.

At the time, no official next step had been laid out as over a thousand employees waited to hear if administration would translate into “liquidation” or “restructuring.” Sadly, it seems the former was the choice, as BBC News is reporting today that Jessops will indeed close up shop, putting nearly 1,400 people out of a job. Read more…

UK Camera Retailer Jessops May Enter Administration by the End of the Day

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Jessosps, one of the last of the UK’s national photography retailers, may be entering into administration by the end of the day, according to recent reports. The major retailer managed to narrowly avoid administration in 2009 after an unpopular deal with HSBC, in which the bank “forgave” some 34M pounds of debt in exchange for a near %50 stake in the company.

In May of last year another ray of hope appeared in the form of a potential $16M investment by Canon, but no such deal ever came to official fruition, although some sources report that an investment was made. Now, Jessops seems to be out of options, and administration may be just around the corner, with rumors pointing towards PricewaterhouseCoopers as the potential administrator. Read more…

Canon May Inject $16M Into Struggling UK Camera Retailer Jessops

The fact that UK camera retailer Jessops has been struggling financially is pretty well established; what’s now under debate is whether or not Canon is going to make a sizable invest to bail them out. Just how sizable are we talking? Ten million pounds, or roughly 16 million dollars. According to an article in The Sunday Times ( in which no source was named) Canon is set to pull the trigger on the hefty investment in order to keep Jessops, the only specialized camera retailer in the UK, in business. But when asked to comment, both Jessops and Canon maintained that they will not comment on “rumor and speculation.”
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