The ArgusSixty-two jobs in Sussex to go as administrators confirm all Jessops stores to shut (From The Argus)

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Sixty-two jobs in Sussex to go as administrators confirm all Jessops stores to shut

The Argus: Sussex jobs to go as administrators confirm all Jessops stores to shut Sussex jobs to go as administrators confirm all Jessops stores to shut

Employees at all seven Jessops stores in Sussex face losing their jobs after administrators revealed every shop was to close.

The camera chain went into administration on Wednesday after it had struggled to combat the online market and the rise of camera phones.

Pricewaterhouse Cooper (PwC) were appointed administrators and announced today all the stores will shut, including those in in Brighton, Eastbourne, Horsham, Crawley, Worthing, Hastings and Chichester meaning 62 staff will lose their jobs..

Rob Hunt, joint administrator and partner PwC said: "Since my appointment, we have reviewed the position of the business and held extensive discussions with suppliers around their support for ongoing trading.

“It is apparent that we cannot continue to trade and as a result we have had to make the difficult decision to begin the closure of all 187 Jessops stores at the close of business today.

“Regrettably, this will result in around 1370 job losses across the stores with further job losses likely, in due course, at the head office in Leicester.

“The stock will be collected over the coming days and returned to a central warehouse. It will be returned to suppliers if they are entitled to it. As a consequence of the closure, Jessops is no longer able to accept returned product from customers.

“This is an extremely sad day for Jessops and its employees. We are very grateful for the support we have received since our appointment and we will continue to ensure that employees are paid as they assist us during the closure.”

  • Do you or someone you know work for Jessops in Sussex? Call the newsdesk on 01273 544525

Comments (7)

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5:06pm Fri 11 Jan 13

BornInBrighton1968 says...

Dreadfully sad news; my sympathies go out to all employees. Hope they are all back in employment soon.

I used to be very into photography, and Jessops could always be relied on to give free, impartial advice.
Dreadfully sad news; my sympathies go out to all employees. Hope they are all back in employment soon. I used to be very into photography, and Jessops could always be relied on to give free, impartial advice. BornInBrighton1968
  • Score: 0

5:36pm Fri 11 Jan 13

Larry the Lamb says...

This country is in dire straits, Comet then Jessops thats a lot of jobs on a national scale. Just also heard Honda are shedding more staff.
If you want my opinion high VAT and petrol prices are quietly killing this country. People would be encouraged to spend more if the VAT was 8% like the sales tax on goods in America.
This country is in dire straits, Comet then Jessops thats a lot of jobs on a national scale. Just also heard Honda are shedding more staff. If you want my opinion high VAT and petrol prices are quietly killing this country. People would be encouraged to spend more if the VAT was 8% like the sales tax on goods in America. Larry the Lamb
  • Score: 0

5:53pm Fri 11 Jan 13

lordenglandofsussex says...

Larry the Lamb wrote:
This country is in dire straits, Comet then Jessops thats a lot of jobs on a national scale. Just also heard Honda are shedding more staff.
If you want my opinion high VAT and petrol prices are quietly killing this country. People would be encouraged to spend more if the VAT was 8% like the sales tax on goods in America.
Until we get rid of the LibLabCON parties, shed the EU and build stronger trade relations with Canada, Australia, New Zealand, Switzerland, Norway etc Britain will sink further into the abyss.

Britain has been led by imbeciles for the past 45 years and it's time for a complete change in our political landscape.
[quote][p][bold]Larry the Lamb[/bold] wrote: This country is in dire straits, Comet then Jessops thats a lot of jobs on a national scale. Just also heard Honda are shedding more staff. If you want my opinion high VAT and petrol prices are quietly killing this country. People would be encouraged to spend more if the VAT was 8% like the sales tax on goods in America.[/p][/quote]Until we get rid of the LibLabCON parties, shed the EU and build stronger trade relations with Canada, Australia, New Zealand, Switzerland, Norway etc Britain will sink further into the abyss. Britain has been led by imbeciles for the past 45 years and it's time for a complete change in our political landscape. lordenglandofsussex
  • Score: 0

6:06pm Fri 11 Jan 13

RottingdeanRant says...

The reason this company has closed is the same reason as there are few (no?) typewriter companies in existence - they are no longer needed as their products have been mostly superseded. Should hardly be a surprise to anyone that owns a ‘smart’ phone. I find that my phone gives me better quality pictures (and videos) than any of my previous cameras did and it is almost always with me! The ‘expert’ photographer that needs the higher range of cameras is a niche market that cannot support a large company.
The reason this company has closed is the same reason as there are few (no?) typewriter companies in existence - they are no longer needed as their products have been mostly superseded. Should hardly be a surprise to anyone that owns a ‘smart’ phone. I find that my phone gives me better quality pictures (and videos) than any of my previous cameras did and it is almost always with me! The ‘expert’ photographer that needs the higher range of cameras is a niche market that cannot support a large company. RottingdeanRant
  • Score: 0

7:01pm Fri 11 Jan 13

Valerie Paynter says...

This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage.

It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it.
This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage. It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it. Valerie Paynter
  • Score: 0

9:43pm Fri 11 Jan 13

HJarrs says...

Valerie Paynter wrote:
This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage.

It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it.
Yes great shame. I bought my last two cameras there and was thinking about possibly purchasing another one this year.

The business tanked in 2007/08 no doubt due to the general downturn, after all a camera is a purchase that can be deffered for most people.

I have no doubt if you were to do a bit of digging you would find that the financial takeovers also contributed to the downfall of the company. I feel very sorry for employees and pensioners and those awaiting a pension, the company seems to have been largely owned latterly by them and that equity is now down the pan and the promised pensions on already low wages will now be worse.
[quote][p][bold]Valerie Paynter[/bold] wrote: This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage. It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it.[/p][/quote]Yes great shame. I bought my last two cameras there and was thinking about possibly purchasing another one this year. The business tanked in 2007/08 no doubt due to the general downturn, after all a camera is a purchase that can be deffered for most people. I have no doubt if you were to do a bit of digging you would find that the financial takeovers also contributed to the downfall of the company. I feel very sorry for employees and pensioners and those awaiting a pension, the company seems to have been largely owned latterly by them and that equity is now down the pan and the promised pensions on already low wages will now be worse. HJarrs
  • Score: 0

12:12am Sat 12 Jan 13

trystero says...

HJarrs wrote:
Valerie Paynter wrote:
This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage.

It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it.
Yes great shame. I bought my last two cameras there and was thinking about possibly purchasing another one this year.

The business tanked in 2007/08 no doubt due to the general downturn, after all a camera is a purchase that can be deffered for most people.

I have no doubt if you were to do a bit of digging you would find that the financial takeovers also contributed to the downfall of the company. I feel very sorry for employees and pensioners and those awaiting a pension, the company seems to have been largely owned latterly by them and that equity is now down the pan and the promised pensions on already low wages will now be worse.
No, the bankers won't be "nailed". They never are.

What WILL happen is that Pricewaterhouse Cooper, having decided (as "administrators") to close all the stores, will then be closeley involved in the stripping of all remaining assets - at a (very) tidy profit to themselves. See past issues of 'Private Eye' for details (ad nauseam, as they say) of PwC's modus operandi....

Mind you, I blame The Greens for all this. And for everything else.
[quote][p][bold]HJarrs[/bold] wrote: [quote][p][bold]Valerie Paynter[/bold] wrote: This is a heartbreaker. In weeks and months come expect their bankers to be nailed for this outrage. It didn't have to happen and it is wrong. We have lost a serious asset and the city is the poorer for it.[/p][/quote]Yes great shame. I bought my last two cameras there and was thinking about possibly purchasing another one this year. The business tanked in 2007/08 no doubt due to the general downturn, after all a camera is a purchase that can be deffered for most people. I have no doubt if you were to do a bit of digging you would find that the financial takeovers also contributed to the downfall of the company. I feel very sorry for employees and pensioners and those awaiting a pension, the company seems to have been largely owned latterly by them and that equity is now down the pan and the promised pensions on already low wages will now be worse.[/p][/quote]No, the bankers won't be "nailed". They never are. What WILL happen is that Pricewaterhouse Cooper, having decided (as "administrators") to close all the stores, will then be closeley involved in the stripping of all remaining assets - at a (very) tidy profit to themselves. See past issues of 'Private Eye' for details (ad nauseam, as they say) of PwC's modus operandi.... Mind you, I blame The Greens for all this. And for everything else. trystero
  • Score: 0

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