Jessops is a ‘fundamentally strong business with a strong presence on the high street’, according to chairman David Adams.
Adams was speaking after news Jessops had secured a ‘long term future for the business’, thanks to an agreement that will enable the firm to get rid of a £34m bank loan.
Adams (pictured) added: ‘It will also protect thousands of jobs and ensure that our customers continue to receive the specialist service they expect from us.’
Earlier today, Jessops’ share price fell to its lowest point this year after it announced that 47% of the business will be owned by its bank, HSBC.
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