Jessops has officially announced the launch of its new website, after being purchased by several people, including Dragons’ Den TV star, Peter Jones.
Earlier this year, Jessops announced its entrance into administration. The company has closed its 187 stores across the UK, leaving about 1,500 people without a job. The hunt for a buyer has begun, under PricewaterhouseCoopers’ administration.
New Jessops website means that the physical stores will remain closed for good
A number of personalities have raised money, purchasing most of the Jessops assets. PricewaterhouseCoopers confirmed the sale and announced that the new owners had expressed their desire to launch a new online store. In the deal, the “Jessops” brand was included, but the stores were not, therefore it became official that the camera retailer would only continue as an online store.
The 1,500 people will remain jobless, but the new owners are only concerned about the upcoming website. An announcement has been placed on the former web page, saying that the “new Jessops website will be launching soon”, but, until then, the Jessops Photo website is “up & running”.
The Photo site focuses on photo books, prints, and other photography-related products, while the new website will concentrate on cameras and, most likely, lenses.
Launch date to be announced soon
For the time being, the launch date of the new online store remains unknown. Jessops invites everyone to stay tuned and to sign up to be the first to find out when the new website is launched.
The buyers of the Jessops brand and assets have not made any official statements yet. Peter Jones CBE is the most famous of the new owners. He is a British entrepreneur, businessman, and TV presenter. He is well-known for shows such as Dragon’s Den, American Inventor, and Tycoon.
His net worth is estimated at £367 million, an amount considered enough to kickstart Jessops’ online business once again. All that remains to be seen is whether the power of the brand will be enough to fight against other established retailers which sell cameras in the UK, such as Amazon.