It’s only a few weeks since the administrators were called in for high street camera retailer Jessops, but PwC, which is handling the firms assets, said: ‘We can confirm that we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones.’
Nobody is really expecting the company to reopen any of its high street locations, but ‘certain other assets’, could mean leftover stock in the stores as well as any intellectual property that the chain might own.
The amount spent by Jones was not disclosed by the administrators, but given how suddenly and spectacularly the thing unravelled, we reckon he’s probably got it for a song.
It closed 187 branches resulting in the loss of 1,500 jobs. There has also been talk about a restructuring specialist firm called Hilco acquiring the Jessops brand. Hilco recently bought failed music retailer HMV after it fell into administration, too.
But it looks like Jones has sneaked in there for a good deal before anyone else got their mitts on it…