Jessops returns thanks to Dragon investment

Entrepreneur and Dragons' Den presenter Peter Jones is to re-open six Jessops stores over the next week

 

It looks like Jessops may be getting a second shot at the UK high street thanks to Dragons' Den presenter Peter Jones - who scooped up the rights to the chain when it went bust back in January.

Mr Jones is planning to reopen six stores over the course of the next week, followed by 30 more in following months.

He paid five million for the brand back in January and, as such, becomes the chief executive and chairman.

It's unlikely that Jessops will ever return to anything like the level it was prior to going into administration - it boasted 187 stores and 1,400 employees before the crash.

Instead, Mr Jones says he will focus on growing the online side of the business and focusing on the low-margin digital camera market.

"We're not going to be coming back into the high street and going back to 200 stores again; those days are over," he said.

"I don't believe we'll have over 50 stores unless we start to go into Europe, which I wouldn't rule out."

Mr Jones has said he will stay on to lead the business and expects to invest another £5 million into it over the course of the year to fund advertising.

Via: Reuters

Best Action cameras

Sony Action camera
Best Action Cameras to buy in 2013

Best action cameras for skiing, snowboarding, surfing and pretty much anything else extreme

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now