financialtrouble

In mid-2011, Hasselblad was acquired by the private equity firm Ventizz Capital Fund IV, but rumors are swirling that the fund might be getting ready to ditch their investment.

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.

A couple of weeks ago, reports confirmed that Olympus ex-CEO Michael Woodford would be settling with his …