Jessops Camera Chain in Administration

Troubled High Street camera retailer Jessops has gone into administration, with PricewaterhouseCoopers (PwC) appointed as the administrator.

In recent years, it has been hit by increasing competition from supermarkets and internet retailers.

Jessops, which was founded in Leicester in 1935, has 192 stores in the UK and employs about 2,000 staff.

The administrators said that it was “inevitable” that some stores would have to close.

Read more at: http://www.bbc.co.uk/news/business-20958659

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