Jessops branch could close after company goes into administration

Jessops branch could close after company goes into administration

Reporter:

Paul Miles

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Jessops branch could close after company goes into administration

High street retailer Jessops has gone into administration with warnings that some stores will have to close.

The popular camera store, which has a shop in Maidenhead High Street, employs around 2,000 staff across the UK.

PricewaterhouseCoopers (PwC) has been appointed as administrator and said it was 'inevitable' that some of its 192 shops would close.

Rob Hunt, joint administrator and partner at PwC, said: "Our most pressing task is to review the company's financial position and hold discussions with its principal stakeholders to see if the business can be preserved.

"Trading in the stores is hoped to continue today but is critically dependent on these ongoing discussions."

It added Jessops is no longer in a position to honour customer vouchers or to accept returned goods.

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