|No Lights, Camera Or Action At Jessops|
Putney store is one of 187 outlets closed
The doors were firmly closed at 39-43 Putney High Street this morning. The high street chain fell into administration last week, with PricewaterhouseCoopers (PwC) appointed to find a buyer for the struggling company.
Stores began closing yesterday with a loss of 1,370 jobs, & further job losses are expected at the firm’s head office in Leicester.
Rob Hunt the appointed administrator told the BBC: ‘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,’.
He continued: ‘We will continue to ensure that employees are paid as they assist us during the closure.’
Despite additional funding being made available to the company, a decline in the marketplace means Jessops has not generated the profits it had planned.
Jessops is the first high profile high street retail collapse of 2013.