Jessops 'set to go into administration'

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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1,377 jobs go as Jessops shuts

Administrators are to close all of the failed camera chain Jessops' stores, with the loss of 1,377 jobs.