Hilco looking to buy Jessops: reports
25 Jan 2013
Hilco, the restructuring firm now effectively in control of the troubled HMV chain, is now eyeing fellow high street struggler Jessops, according to reports.
Only yesterday came the announcement that Hilco - which also owns HMV Canada - had bought up the chain's massive debt in a bid to buy the 92-year old entertainment retailer out of administration.
According to The Telegraph, Hilco was in talks with Jessops' administrators PricewaterhouseCoopers (PwC), and is in the forefront among rivals to complete a purchase.
In what could be a dramatic turn of events, Hilco is understood to be working on a masterplan that involves acquiring Jessops and opening up kiosks for camera supplies within HMV stores.
According to Rob Hunt, Jessops' joint administrator and PwC partner, there was plenty of interest in Jessops, but would not name the parties.
He said there were a number interested parties but names could not be disclosed as this was confidential information.
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