Jessops on the edge of administration, reports claim

Jessops, the High Street camera retailer, is reportedly on the verge on entering administration.

Jessops, the High Street camera retailer, is reportedly on the verge on entering administration.

The troubled company, which operates more than 200 shops, is said to be lining up PricewaterhouseCoopers as its administrator, possibly by the end of today (Wednesday 9th).

The group has suffered in the wake of the popular camera phone, and came close to administration in 2009 before striking a debt for equity deal with HSBC.

Adding to the group's woes, in August last year, Jessops's then Chief Executive Officer, Trevor Moore, announced that he would be moving to HMV.

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