In a statement posted to their website, New Jersey-based lighting company, DynaLite, founded in 1970 has closed its doors and filed for Chapter 7 bankruptcy. They say that they find it “difficult to remain competitive” and have decided to close the company.
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.
The death of Bowens earlier in the year was met with surprise from many photographers. But it paints a fairly clear picture. That even though more people are using flash now than ever before, some flash companies are struggling. Perhaps it’s a lack of innovation or lacklustre customer support. Maybe they simply can’t keep up with the demand. Or it could simply be good old-fashioned competition.
Whatever the reason, the flash landscape is changing. The gear’s evolving, new faces are appearing and old ones are leaving. Another very familiar face that’s leaving now is German flask maker Multiblitz. After 69 years in the industry, they’re calling it quits.
Just over one year ago, Bowens along with Calumet were snapped up by investment company Aurelius. At that time, their press release waxed lyrical about the future of Calumet, but barely a mention for the Bowens brand.
An inside source has told DIYP that Bowens has now gone into liquidation. We’ve also had this confirmed by two other independent sources. Although we’ve yet to receive official confirmation from Bowens themselves, we believe the information to be quite solid. We’ll be following the situation closely as information comes in and updating this post as necessary.