Financial News
- 2 February 2013, 0:25
Dragons' Den Star Peter Jones Buys Jessops
Dragons' Den star Peter Jones has bought the brand of collapsed camera retailer Jessops to run it as an online company.
Rob Hunt, joint administrator and partner at PwC, said: "We can confirm that we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones CBE."
Jessops closed all 187 of its stores in earlier this month, but the deal is not thought to include any of them.
The camera retailer was forced to call in the administrators after talks with its lender and suppliers broke down following a poor Christmas.
It had struggled since 2007 after suffering from online competition and a boom in camera phones hitting demand for digital cameras.
Mr Jones, 46, was awarded his CBE in 2009.
He made his fortune after setting up the Phones International Group, which he sold a part of in 2011.
He has appeared on the BBC show Dragons' Den since it started in 2005.
what do you think?
Raymond Castle
Pity he didn't do this when the shops were still running!
movvi
Quite, but I don't think it looks like he has bought the shops. It's not quite the great news story the title promised! Poor Jessops.
shirley sutton
Get it right he's got the brand name to use to flog electronics on the Internet
Micheal Booth
So? Your point is....?
shirley sutton
He's not bought jessops has he just the name
Hector Gomez
Prints charming
movvi
Oh my, this guy's absolutely loaded! He's in a great position in that case - he can just wait for all these brands to crumble and snap them up for relative pennies from his stash made from many of his internet-based ventures which helped kill these shops. It's a shame for the shops - but he's clearly great at what he does.
Name witheld
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chrishearn350
9:27pm on 31/1/2013
I hope he will keep us in the picture.
Martin Anderson
3:02am on 1/2/2013
Snappy move :O)
chrishearn350
7:52pm on 1/2/2013
Flash I would say !