Jessops camera chain in administration

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Jessops goes into administration

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Troubled High Street camera retailer Jessops becomes the first UK High Street casualty of 2013 as it gos into administration, with PricewaterhouseCoopers (PwC) appointed as the administrator.

In recent years, it has been hit by increasing competition from supermarkets and internet retailers.

Jessops, which was founded in Leicester in 1935, has 192 stores in the UK and employs about 2,000 staff.

The administration of such a household name can only serve to damage consumer confidence further in the months ahead....Read more

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