AO World acquires camera retailer Jessops from Peter Jones
Summarised from 4 outlets · Updated 25 Sept, 01:50 · Archive
Online retailer AO World has acquired struggling camera retailer Jessops from Dragons' Den star Peter Jones.
Online electricals retailer AO World has acquired Jessops, the camera retailer previously owned by Dragons' Den star Peter Jones. AO World said the deal, funded from existing cash resources, supports its strategy of expanding into adjacent categories. Shares in AO World dropped 8% on the announcement.
How it is being reported
- Retail struggles see Dragon's Den star sell photo firm Jessops as DFS says sofa sales are sufferingThe TV star and businessman Peter Jones (pictured) rescued the firm out of administration in 2013 and re-opened a raft of closed stores.This is Money · 24 Sept, 22:00
- Flash sale: AO snaps up camera seller Jessops from Dragons’ Den star Peter JonesOnline electricals retailer says latest purchase continues to broaden its appeal beyond white goods, phones and TV Business live – latest updates The troubled camera retailer Jessops has changed hands after AO World acquired the business from the Dragons’ Den star Peter Jones. The online electrical retailer said on Thursday it had completed the acquisition of Jessops. Continue reading...Guardian Business · 24 Sept, 11:40
- AO World buys Jessops from Dragons’ Den star Peter JonesShares in AO World dropped 8% in morning trading on Thursday as it gave a more cautious outlook on second-half trading.Independent Business · 24 Sept, 09:22
- AO World strikes deal with Peter Jones to snap up JessopsAO World has struck a deal with Dragons Den star Peter Jones to acquire struggling camera retailer Jessops. The online retailer did not disclose how much it paid for the group but said the acquisition was funded from its “existing cash resources.” AO World said the deal “supports our strategy of expanding into adjacent categories, [...]City AM · 24 Sept, 07:50
In this story: AO World · Jessops · Peter Jones
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