Fri, 01 Feb 2013 | BUSINESS SALE
The Dragons' Den star Peter Jones has bought the Jessops business out of administration.
Administrators PwC confirmed the sale: “We can confirm we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones CBE.”
At the moment it is not thought that stores will be reopened as part of the deal, with Jones understood to have taken on intellectual property and leftover stock. The amount paid by Jones to take over the brand is not known.
Jessops was founded in 1935 in Leicester by Frank Jessop, but was hit in recent years by competition from cheaper online-based stores. It was the first high street company to enter administration this year, but was followed by a number of other big names including Blockbuster and HMV.
The company closed its 187 branches when it entered administration and around 1,500 jobs were lost.
Last week Hilco, which bought HMV's debt when it entered administration, was in discussions with PwC regarding the Jessops brand and the possibility of introducing a Jessops concession into HMV stores but it appears that this has not come to fruition.
Having established numerous trademarks, Project Clover offers a broad array of internal and external home décor and associated products, such as outdoor furniture and heating; indoor and outdoor lighting; electrical fireplaces and heaters; storage an...
The company specialises in thermal insulation and trace heating solutions, installing and maintaining a wide array of insulation types, fire protection and weatherproof coverings. The business effectively works on many properties, including retail ou...
The group offers a comprehensive range of renewable energy solutions, including solar and electrical design, technical surveys, and installation services for various sectors. As an approved Lux Power installer, the business uses the latest technology...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.