Jessops Closure Impact

Leicester-based Jessops, which has been on our high streets since 1935, has gone into administration, the first big name to go under in 2013.

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Jessops employs around 2,000 people across UK

  • Founded in Leicester, where its headquarters are still located today, in 1935
  • Britain's only specialist nationwide camera retailer with 192 stores
  • Employs about 2,000 people
  • Underwent a major overhaul in 2007 with many stores closing
  • Almost collapsed in 2009 but was rescued by its main lender HSBC in a controversial deal that saw the bank taking 50% of the business in return for writing off their loans.
National

Jessops 'set to go into administration'

by - Former Business Editor

Jessops photo store sounds like it is going to be the first victim of the high street in 2013 - Retail Week says it is about to go into administration.

Jessops
The Jessops photographic shop in New Oxford Street, central London. Credit: John Stillwell/PA Archive

The former boss, who had been credited with turning things around, left Jessops not long ago to try and save HMV.

PWC are likely to be formally appointed Jessops' administrators by the end of play today.

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