Search

Stratford Jessops store could face closure

16:50 09 January 2013

A Stratford branch of camera retailer Jessops could close in Newham after the business went into administration.

The troubled brand reported a “significant decline” in custom in 2012, a gloomy forecast for 2013, and a drop in profits in the run up to Christmas.

Currently the future is uncertain regarding jobs at a Jessop shop in the Westfield Stratford City shopping centre but PricewaterhouseCoopers (PwC) have been appointed joint administrators and more details should emerge over the next couple of days.

Bosses add that Jessops is not in a position to honour customer vouchers or to accept returned goods at the present time.

Rob Hunt, joint administrator, said: “Our most pressing task is to review the Company’s financial position and hold discussions with its principal stakeholders to see if the business can be preserved.

“Trading in the stores is hoped to continue today but is critically dependent on these ongoing discussions.

“However, in the current economic climate it is inevitable that there will be store closures.”

0 comments

Latest News Stories

13:00
L-R: Daren Burney, Matt Lorenzo, Ray Parlour and Andrew Klein Credit: Blake Ezra

Former Arsenal footballer Ray Parlour entertained guests with stories from his 400-plus league game career at a fundraiser for a care home last week.

11:48
A car was flipped onto its roof yesterday after a collision.

Thirteen arrests have been made in connection with a year-long investigation into a suspected international fraud scam.

10:11
Ilford Lane (Picture: Google Streetview)

Ilford Lane was shut for seven hours after a crash on Sunday which left one man suffering serious injuries.

09:44
Abridge Road, Chigwell. Picture: Google Street View

Police are appealing for witnesses after a motorcyclist died following a crash on Sunday.

Most read news

Competitions

You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Time to experience the dizzy heights of London's tallest attraction!

Morgan Pryce, commercial property experts based in London are offering one lucky reader the chance to win a pair of tickets to The Shard viewing platform in the city itself.

Digital Edition

Image
Read the Ilford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder