The Jessops Photographic shop in new Oxford Street central London. PRESS ASSOCIATION Photo. Picture date: Friday January 9, 2009.. See PA story. Photo credit should read:John Stillwell/PA
The collapsed High Street camera retailing brand Jessops has been bought by a group including entrepreneur and Dragons’ Den star Peter Jones.
The company’s administrators PricewaterhouseCoopers (PwC) announced the sale yesterday evening.
PwC said: “We can confirm we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones.”
It is not currently thought that stores will reopen as part of the purchase. The part of the deal covering “certain other assets” is understood to mean leftover stock and intellectual property.
Intellectual property includes things like trademarks and patents.
The amount paid to take control of the brand has not been disclosed.
When Jessops collapsed earlier this month it closed its 187 branches with the loss of 1,500 jobs.
