Jessops brand bought by Dragons' Den star Peter Jones
Jessops, the failed camera retailer, is set to be revived as an online-only brand by a consortium led by entrepreneur Peter Jones, star of BBC TV show 'Dragons' Den'.
The high-street chain fell into administration last month and was forced to close its near-200 stores across the UK at a loss of 1,400 jobs, after being hit by increased competition from internet retailers and supermarkets.
Administrator PricewaterHouseCoopers (PwC) has announced that the Jessops "brand and other assets" have been acquired a group led by Jones. The consortium is understood to have faced competition from retail restructuring firm Hilco, which is interested in acquiring HMV.
However, Jones has not purchased Jessops' retail stores, with a buyer for those yet to be found.
A PwC spokesman said: "We can confirm we have sold the brand and certain other assets to a number of buyers, including entrepreneur Peter Jones CBE."
This article was first published on marketingmagazine.co.uk
- Mid Weight Planner - ATL Daniel Marks London £30-£50K + Excellent Benefits, Central London
- Partnerships Manager Ball & Hoolahan £60,000 per annum, London
- Head of Marketing - Luxury Ball & Hoolahan £70,000 + benefits, London
- Brand Manager Ball & Hoolahan £38,000 per annum, South East
- Brand Communications Manager Ball & Hoolahan £40,000 + benefits, South East
- Kevin Bacon, Google Glass and Julian Assange: the SXSW weekend in tweets
- Omnicom Media Group buys Mobile5
- BBH launches sport division with Lawrence Dallaglio
- Campaign Viral Chart: first kiss video is most-shared ad this week
- HSBC launches Hong Kong Rugby Sevens push
- IPA's 2014 Women of Tomorrow competition winners revealed