THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Dragons' Den star Peter Jones buys Jessops brand

Dragons' Den star Peter Jones has acquired the brand of collapsed photography retailer Jessops.

GENERAL MERCHANDISE

Dragons' Den star Peter Jones buys Jessops brand

Dragons' Den star Peter Jones has acquired the brand of collapsed photography retailer Jessops.

PricewaterhouseCoopers, administrators to Jessops, said that Jones was one of a "number of buyers" to have purchased the Jessops brand and other assets, including the remaining stock and intellectual property.

However, the entrepreneur has not bought any of the camera chain’s stores and plans to run the business entirely online.  

PwC partner Rob Hunt said: "We can confirm that we have sold the brand and certain other assets to a number of buyers, including entrepreneur Peter Jones CBE."

PwC was appointed as administrator on 9 January 2013 and shortly afterwards closed all 187 Jessops stores with the loss of 1,370 jobs.

Jessops collapsed into administration after struggling for years against online competitors and the shift to using smartphones to take photographs. It narrowly avoided administration in 2009 after its bank HSBC took a stake in the business in a debt-for-equity swap. 

PwC did not say how much Jones had paid for the Jessops brand.


 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process