Dragon's Den Buy's Collapsing Company's

The collapsed High Street camera retailing brand Jessops has been bought by a group including entrepreneur and Dragons' Den star, Peter Jones. This dose not mean that the chain is going to reopen. The part of the deal covering "certain other assets" is understood to mean leftover stock and intellectual property.

There may think that it might be financially possible to reopen the chain but they are not forced to do so. The amount paid to take control of the brand has not been disclosed. When Jessops collapsed earlier this month it closed its 187 branches with the loss of 1,500 jobs. The firm had suffered in recent years due to competition from on line retailers.

There have also been mentions that another Dragons' Den star, Theo Paphitis was considering buying HMV. Earlier this month, Theo Paphitis had suggested that he had no interest in the ailing entertainment retailer, after he claimed on Twitter that it had "no reason to exist anymore".

But according to the Daily Mail, Theo Paphitis is now interested in buying the chain, which went into administration earlier this month. They also claim that HMV has sent out information out to 20 parties potentially interested in investing and expects to receive offers by the end of this week.
Theo Paphitis said: "My interest for HMV harks from an era that thinks, 'What a great brand. Often I have looked at things and thought 'Is there something there?".