. for the department store jessops of nottingham see john lewis department store . jessops europe limited type private limited company industry retail founded leicester united kingdom 1935 1935 founder frank jessop headquarters marlow united kingdom number of locations 51 2016 1 area served united kingdom key people neil old chief executive officer products photographic equipment photograph processing revenue 236.8 million 2011 2 operating income 5.7 million 2011 2 owner peter jones website www.jessops.com jessops europe limited is a british photographic retailing company . it was established in leicester in 1935 by frank jessop and traded under the name of the jessop group limited . the business entered administration on 9 january 2013 and all 187 jessops retail stores ceased trading on 11 january 2013 until the british entrepreneur peter jones cbe invested several million pounds into the company and formed jessops europe limited . on 28 march 2013 six stores reopened and jones aimed to open a new store every day on average during april 2013 . the relaunch of the oxford street store in london received considerable media interest and was attended by several celebrities including the actor james corden . as of april 2016 there are now 52 jessops stores and since july 2014 sainsbury s has started rolling out jessops branches in its larger stores . contents 1 history 1.1 financial problems 1.2 administration and closure 1.3 reopening 1.4 operations 2 references 3 external links history edit jessops re opened store in birmingham frank jessop founded jessop of leicester in 1935 as a specialist photographic retailer . the company expanded to major towns and cities . in july 1996 alan jessop frank s son sold the firm in a management buy out . this was to bridgepoint capital . the 200th store durham opened in july 2001 . the store has now closed . in september 2000 bridgepoint capital attempted to float jessops on the london stock exchange but abandoned plans the following month . 3 this was because it was told the firm would list with a market value of 90 million to 100 million . 3 in april 2002 jessops again abandoned plans to float . 4 in september 2002 abn amro paid 116 million for the company . 5 the sale was completed the next month . 6 in october 2004 abn amro applied to float on the london stock exchange which successfully occurred the next month . 7 in may 2004 the main warehouse relocated to weedon bec northamptonshire as the warehouse in leicester was considered too small . this resulted in most of the staff being made redundant . financial problems edit in 2007 the company suffered financial difficulties requiring a strategic review and eventually leading to a re financing with its bankers hsbc in september 2009 . this led to the group s trade being transferred to a new holding company snap equity limited whilst jessops plc was placed in liquidation and the group s final salary pension scheme transferred to the pension protection fund . snap equity was formed as a private company 48 % owned by hsbc 33 % by pension trustees and 20 % by an employee trust . on 21 june 2007 jessops announced the closure of 81 of its then 315 stores as part of a strategic review which aimed to save the leicester firm 15m . 8 administration and closure edit on 9 january 2013 jessops group limited went into administration with an application made to the high court . 9 on 11 january it was announced that all 187 stores would close with the loss of 1 370 jobs . shoppers who put anywhere up to 500 on a gift card found them useless 10 and company ceased to accept customer returns although manufacturers warranties on products not branded by jessops were not affected . on 31 january 2013 however the jessops brand and various assets were acquired by entrepreneur peter jones cbe one of the investors from the television programme dragons den . 11 on 3 february the supermarket retailer morrisons agreed to purchase seven of jessops larger store sites from the administrators for an undisclosed price to be converted to morrisons convenience store format m local . 12 reopening edit the british entrepreneur peter jones formed jessops europe limited and the retailer opened for business on 28 march 2013 and re launched the high street brand . two stores in london & birmingham reopened on 28 march and manchester aberdeen high wycombe & st. albans opened on 29 march 2013 . several other stores reopened throughout april . 13 14 needs update jessops online photo business is also owned by peter jones cbe . by september 2013 the company had opened 28 stores across the united kingdom . in july 2014 jessops signed a landmark deal with sainsbury s. this deal meant more jessops stores will be opened in the larger supermarkets across the country . as of june 2016 jessops has now opened 52 stores across the uk . operations edit in january 2013 at the time of its collapse jessops group limited had 187 stores across the united kingdom . the new business formed by peter jones cbe jessops europe limited reopened over 30 stores across the country . all the stores contain mini labs that offer one hour processing of photographic film or a 25 minute express service . jessops new head office is in marlow buckinghamshire . references edit store finder . jessops . retrieved 18 april 2015 . a b jessops reports rosy picture . leicester mercury . 7 june 2012 . retrieved 2 february 2013 . a b newswatch jessops ditches float plans . accountancyage.com . 15 october 2000 . retrieved 21 august 2015 . jessop pulls yet another float . www.telegraph.co.uk . 28 april 2002 . retrieved 21 august 2015 . abn amro zooms in to snap up jessops . www.telegraph.co.uk . 16 september 2002 . jessops chain sold to abn amro . standard.co.uk . 24 october 2002 . jessops to float on stock market . theguardian.com . 8 october 2004 . retrieved 21 august 2015 . jessops to cut shops and workers . news.bbc.co.uk . 21 june 2007 . retrieved 21 august 2015 . jessops camera chain in administration . bbc news . 9 january 2013 . jessops employee . weathering the jessops administration . retrieved 19 march 2013 . jessops brand sold to peter jones . bbc news . 31 january 2013 . morrisons buys clutch of jessops shops . the daily telegraph . the daily telegraph . 3 february 2013 . retrieved 3 february 2013 . camera chain jessops re opens two months after closing . bbc news . 28 march 2013 . retrieved 29 march 2013 . david risser 28 march 2013 . jessops reopens on london s oxford street led by dragons star . bloomberg . retrieved 28 march 2013 . external links edit wikimedia commons has media related to jessops . official website administration information retrieved from https en.wikipedia.org w index.php title jessops & oldid 743388495 categories companies based in leicesterphotographic retailersconsumer electronics retailers of the united kingdomcompanies formerly listed on the london stock exchangephotography companies of the united kingdomcompanies that have entered administration in the united kingdomcompanies established in 1935retail companies of the united kingdom1935 establishments in the united kingdomhidden categories engvarb from september 2013use dmy dates from september 2013pages using infobox company with unsupported parameterswikipedia articles in need of updating from august 2013commons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages scots edit links this page was last modified on 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