Jessops collapse risks 2,000 jobs
Wednesday 09 January 2013
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EmailCamera chain Jessops called in the administrators today, putting 2,000 jobs at risk.
PricewaterhouseCoopers (PwC) has stepped in and said store closures were "inevitable." It also said Jessops would not take customer vouchers or accept returned goods.
Administrator Rob Hunt said PwC was holding discussions with stakeholders to see if the business could be saved.
There was speculation suppliers such as Canon were considering injecting cash into Jessops but no deal materialised.
The announcement marks the first high-profile retail collapse of 2013 and follows consumer electricals chain Comet hitting the wall hammering more than 6,000 jobs.
Jessops, like many high-street retailers, has suffered from online competition and the boom in camera phones, which has hit demand for digital cameras.
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