Peter Jones snaps up Jessops brand
Administrators at PwC have rescued failed camera retailer Jessops through a sale to a number of investors, including entrepreneur Peter Jones.
The sale to the BBC Dragon’s Den star for stock and intellectual property will see Jessops continuing to run as an online business.
On 9 January PwC’s Edward Williams, Robert Hunt and Matthew Hammond were appointed as joint administrators of The Jessop Group Limited, and from 11 January the business ceased trading.
Hunt confirmed yesterday that they had “sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones CBE.”