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All branches of UK photography retailer Jessops close today

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Friday, January 11, 2013

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All 187 store locations of Jessops camera retailer are closing in the United Kingdom today. The business, which went into administration earlier this week, is to leave its workforce of approximately 1370 jobless. While staff at the business' top office in Leicester, in central England, are not being made redundant with immediate effect, they are in the next few weeks to lose their positions.

PricewaterhouseCoopers (PwC), the firm declared administrator of Jessops two days ago, has said an examination of the company indicated it was no longer capable of operating successfully. "It is apparent that we cannot continue to trade", said joint administrator Rob Hunt of PwC, "and as a result we have had to make the difficult decision".

PwC say no Jessops branches will open tomorrow and people who have bought items from their businesses will not be able to return them. However, stock "will be returned to suppliers if they are entitled to it", according to Hunt.

Hunt said PwC "will continue to ensure that employees are paid as they assist us during the closure" at Jessops. In a comment to the BBC, Hunt described the situation at Jessops as "a horrible end to a very intensive couple of days".


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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