insolvency

Photo Chemistry Giant Tetenal Closing Shop After 172 Years: Report

In late 2018, it emerged that Tetenal, one of the largest photo chemistry companies in the world, was in serious financial turmoil. It now appears that efforts to save the business have failed, and Tetenal will reportedly be closing up for good after a whopping 172 years in the analog photography industry.

Meyer Optik Görlitz is Back from the Dead with a New Owner

After years of running hugely successful Kickstarter campaigns but widely failing to deliver on its promises, net SE (the company behind the revivals of Meyer Optik Görlitz and other vintage brands) filed for bankruptcy this year. Now a German company called OPC Optics has announced that it has acquired the rights to the Meyer Optik Görlitz brand and will be bringing it back to the market.

Tetenal is in Trouble: One of the Largest Photochemical Firms Needs Your Help

Here's some big news in Europe that hasn't made a big splash in the US and has largely flown under our radar: the very day after Photokina, Tetenal announced that it's in financial turmoil. Tetenal is one of the largest photochemical businesses in the world and produces chemicals for brands like Ilford and Kodak.

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

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.