BusinessBusiness RecoveryPwC called in at Jessops

PwC called in at Jessops

Debts at camera specialist reportedly ballooned

Reports say that business recovery specialists from
PricewaterhouseCoopers
have been called in to examine various options for camera retailer
Jessops.

According to both The Guardian and
The
Scotsman
, the retailer’s bankers, HSBC called in the firm after
Leicester-based company warned last month that debt would swell to £52m.

Jessops has been hit by cheaper prices for digital cameras, which have put
pressure on sales and margins.

Further reading:

Jessops ditches float plans

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