Dragon Jones breathes new life into Jessops

 
Michael Bow
Follow Michael
CAMERA brand Jessops, which saw its shops collapse into administration last month, has been sold to a group of buyers including Dragons’ Den star Peter Jones, administrators said yesterday.

The deal, structured by administrators PwC, involves the sale of Jessops’ 78- year old brand, existing stock and “intellectual property”, which involves non-physical assets like trademarks and patents.

It is not thought any shops will be re-opening under the deal.

Rob Hunt, joint administrator 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’ collapse into administration last month led to 187 stores closures with the loss of 1,500 jobs at the chain.