The Dragons’ Den investor Peter Jones has sold the photography retailer Jessops to the online electrical retailer AO World, more than a decade after he rescued the chain from administration. The financial terms of the deal have not been disclosed.
AO World announced the purchase in a trading update ahead of its annual general meeting. The company said it plans to integrate Jessops into its existing musicMagpie operations.
John Roberts, AO’s founder and chief executive, said: “I am delighted to welcome Jessops into the AO family and look forward to growing the existing business.”
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