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    PwC called in at Jessops

    PwC called in at Jessops

    Debts at camera specialist reportedly ballooned

    Author Date published April 15, 2007 Categories

    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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