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Questions raised over Leicestershire's economy following administration of Jessops

Jessops HQ in Leicester
Jessops HQ in Leicester Credit: ITV Central

The Leicester based camera chain, Jessops, has become the first high-profile retail casualty of 2013.

Its administrators, Price Waterhouse Cooper, has said that store closures are 'inevitable'.

The retailer has 192 stores across the UK. It puts 2,00 jobs at risk.

Questions are now being raised on the impact this will have Leicestershire's economy.

Jessops head quarters in Leicester
Jessops head quarters in Leicester Credit: ITV Central

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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.

Coventry black cab manufacturer goes into administration

The Coventry-based black cab manufacturer Manganese Bronze has fallen into administration.

The move was confirmed in a statement to the London Stock Exchange today.

The news follows last week's announcement that it was to stop the sale of its vehicles due to a fault on the steering mechanism, prompting a product recall on around 400 new taxis.

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