Camera chain Jacobs has shut down seven shops, axed around a third of its staff and has received offers from potential buyers, a week after it called in administrators.

The Jacobs store on Cannon Street, London is among the 12 surviving outlets up for sale (picture credit: Alexis Clarke). Also shown is the empty aftermath of stock clearance at one of the seven Jacobs stores which closed earlier today

The family-run business, which was founded in 1939, has made 46 people redundant out of a total of

154 staff.

Shutting up shop are the stores in Birmingham,

Chelsea, Derby, Hull, Kingston-upon-Thames, Liverpool and Sheffield.

The closures represent more than a third of Jacob’s 19-store estate. 

Eddie Kerr, a partner at accountancy firm PKF who is acting as joint administrator, said: ‘We have taken the difficult decision to

close a number of Jacobs stores and make redundancies across the business.

‘These measures are painful for everyone involved but they

are essential if we are to have a reasonable prospect of finding a buyer for

the business as a going concern, although we recognise there are likely to be

more challenges ahead.’

Kerr added: ‘We have already had a number of expressions of

interest from potential acquirers and are in a position to begin negotiations.’

Among the shops to close is the Jacobs store in Hull, which

employs four staff in addition to a regional manager.

Earlier today, employees in Hull were told to collect their

belongings.

Jacobs called in administrators amid unremitting

‘difficult trading conditions’, according to PKF.

WHAT WENT WRONG? – ‘NO SMOKING GUN’

 

 One of the seven Jacobs stores which closed earlier today