Dragon swoops for Jessops

Entrepreneur and Dragon’s Den star Peter Jones is part of a group that has bought the collapsed High Street camera retailing brand Jessops.

The company's administrators PricewaterhouseCoopers (PwC) announced the sale last night saying: "We can confirm we have sold the brand and certain other assets to a number of buyers including entrepreneur Peter Jones CBE."

According to reports it is not currently thought that stores will reopen as part of the purchase.

The part of the deal covering "certain other assets" is understood to mean leftover stock and intellectual property.

When Jessops collapsed earlier this month it closed its 187 branches with the loss of 1,500 jobs.