Jessops Plc go into liquidation but shops stay open.

The former company Jessops Plc which used to own the Jessops chain of photo stores has decided to finally wind up the parent company , shareholders have voted to accept 6.9p per 100 shares held.

The HSBC banking group are major sharehoders in the equity company which will own & continue to run the chain of shop which will stay open & continue to trade.

The plight of this trading group underlines the difficulties which many dealers face in a changing economic climate. High street traders are facing increasing competition from Internet traders & general multiple stores which cream off any potential profits from specialist dealers by selling a limited range of the best selling lines.

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Keith C