Jessops shares suspended ahead of winding-up

[chrisgeary]

http://news.bbc.co.uk/1/hi/business/8469819.stm

 

[Flash In The Pan]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

 

[PsiFox]

The shops are not owned by Jessops so makes no difference. This is the old company.

Shops stay open.

 

[Flossyrockstar]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

 

[Navare]

My thoughts exactly Flash in the pan...lol

N.

 

[chris321]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

 

[petersmart]

"Jessops sold its 213 shops to private firm Snap Equity in September 2009 and these will continue to trade."

"Jessops has said the restructuring will secure about 2,000 jobs and the High Street shops will remain."

So maybe it's business as usual.

 

[Messiah Khan]

So has the new company bought the brand name as well? If so, then it's not actually Jessops liquidating is it?

 

[ccsnet]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

He he

Terran

 

[minky_monkey]

Haven`t we already been through all this at the end of last year.... lol.

 

[PsiFox]

The shops are owned by the Jessops Group, which is owned by Snap who bought the group from Jessops PLC. It is the PLC being wound up not the group.

 

[foodpoison]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

Can we lock it now then?

 

[raider2727]

"Jessops sold its 213 shops to private firm Snap Equity in September 2009 and these will continue to trade."

"Jessops has said the restructuring will secure about 2,000 jobs and the High Street shops will remain."

So maybe it's business as usual.

You mean no big sell off:bonk:

 

[Dom]

"Does that mean Jessops are closing down/will be having a sale/the service is terrible anyway/actually I quite like Jessops/the staff are clueless/actually most are very good/they are very expensive/very cheap/I hate them/I like them"


There....that's the whole thread dealt with in 30 seconds

Saves me having bother.

 

[Triggaaar]

"Jessops sold its 213 shops to private firm Snap Equity in September 2009 and these will continue to trade."

"Jessops has said the restructuring will secure about 2,000 jobs and the High Street shops will remain."

Good point. So if the deal wasn't agreed there would be a massive sell off?

 

[Holden Caulfield]

The company is still 20 million in debt divided by their shops (213) that equates to £93896.72 of debt per shop.

Given the wafer thin margins on hardware , massive competion , highstret rents , rates and overhead how long are they going to last ?