Camera retailer Jessops has collapsed into administration
putting some 2,000 jobs at risk. Administrators from PricewaterhouseCoopers
were appointed yesterday following a continued decline in sales. Despite
additional funding being made available to Jessops by its funders, the company
did not generate the profits it had planned with a consequent impact on its
funding needs. This was exacerbated by a credit squeeze in the supplier base,
according to a statement by the administrators. The Telegraph plots Jessops
history.
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