No, it’s not 2013, it’s 2019, but UK photography retailer Jessops looks like it might be going into administration again. Jessops had narrowly avoided administration in 2009 after coming to a deal with its lender, HSBC. But the company went into administration in January 2013 as a result of a significant marketplace decline in 2012.
After closing all of its stores and the loss of 2,000 jobs it looked like the Jessops brand might be saved, after it was acquired by Dragons Den star Peter Jones. Since that time, 46 Jessops stores have opened which the BBC reports have not made a single profit, and are mounting losses. Now, though, it looks like Jessops is going bust all over again.