THE Church Street branch of Jessops in Rugby has now closed.
The high street chain of photographic shops went into administration on Wednesday last week and on Friday administrators said it was closing all 187 stores across the country, including the Rugby branch.
The closures has resulted in 1370 job losses.
Rob Hunt, joint administrator and partner of 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.”
Updates for consumers will be available through the Jessops and PwC websites shortly at www.pwc.co.uk/jessops
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Saturday 18 May 2013
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