Jessops goes into administration

Jessops, the photographic retailer, has today fallen into administration, marking the latest casualty to hit the nation's high-streets.

Jessops: camera specialist goes into administration
Jessops: camera specialist goes into administration

Jessops has 192 stores in the UK and employs around 2,000 staff. The camera retailer has in recent years been hit by increased competition from internet retailers and supermarkets. Its demise marks the first high-street casualty of 2013. PricewaterHouseCoopers (PwC) has been appointed as the administrator.

Rob Hunt, joint administrator and partner at PwC, told the BBC: "Out most pressing task is to review the company’s financial position and hold discussions with its principal stakeholders to see if the business can be preserved.

"Trading in the stores is hoped to continue today but is critically dependant on these ongoing discussions. However, in the current economic climate it is inevitable that there will be store closures."

Jessops demise follows that of Peacocks, the value fashion chain, Blacks Leisure, the outdoor goods specialist, video games retailers Game Group and Clinton Cards, the greetings card retailer.

Jessops was not available to comment.

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Look out for the invisibles and introverts in your agency
Share

1 Look out for the invisibles and introverts in your agency

By cultivating a clubbable culture, agencies are ostracising talented introverts, writes Andy Jex, the executive creative director at Saatchi & Saatchi London.

Agencies' anger at failure of Stronger In campaign
Shares0
Share

1 Agencies' anger at failure of Stronger In campaign

"We failed the country, we could and should have done better." So says one senior advertising executive involved in the Britain Stronger In Europe campaign.

Just published