Thu, 28 Mar 2013 | BUSINESS SALE
Entrepreneur Peter Jones is set to begin the process of bringing Jessops back to life as he reopens some of the retailer's outlets.
Mr Jones, who bought Jessops out of administration, is opening six of the camera retailer stores today (28 March) and a further 30 over the course of the coming month.
Speaking on BBC Five Live's breakfast show, Mr Jones explained that he will be taking a very different approach to things and won't be extending the company's reach to the same number of shops that it previously covered.
He told the radio show: "We're not going to be coming back into the high street and open 200 stores again, those days are over."
"We've got a real chance of making it a success," he added to Sky News. "The big thing about Jessops is the fact there is not another retailer in the country that has such experienced passionate staff when it comes to camera equipment sales ... That makes a big difference. We have to keep it lean and mean."
In addition to tightening up the number of stores the business operates, Jones is set to develop the company's online territory further. A basic online service was in operation before but this is to be much improved and it is likely to become the main retail space for the firm. A promise to price-match items available for sale online and in-store has also been confirmed.
Meanwhile, the shops themselves have been redesigned to offer a more interactive, customer-friendly experience, with help and advice on hand and photography courses and training offered in-store.
The entrepreneur has invested £4 million in the relaunch of the shop and will be hoping to turn around the company's fortunes.
Staff are thought to be pleased with the new direction of the business and the firm has regenerated hundreds of positions, many of which have gone to former Jessops' employees.
____________________________________________________________________________
Related articles:
How to turn around a struggling business
Peter Jones buys Jessops out of administration
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
Tile business sold to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.