Leicester-based Jessops is closing all 187 of its stores across the UK. Administrators made the announcement this afternoon.
More than 1300 jobs across the country will be lost - 230 of those right here in the Midlands. And more are likely to go at the group's head office in Leicester. Our Business Correspondent Mark Gough reports.
Some 2000 jobs have been put at risk as camera chain Jessops became the first retail casualty of 2013, with store closures "inevitable".
Jessops looks set to become the first high street casualty of 2013 as the retailer is understood to be on the brink of administration.