Jessops

Online electrical retailer AO World has acquired Jessops, the photography retailer, from Dragons’ Den investor Peter Jones, more than a decade after he rescued the chain from administration.

Summary of transaction details:

• Value: Not disclosed
• Sector: Consumer Goods (Photography Retail)
• Advisor: Not specified
• Key Entities: AO World (Acquirer), Jessops (Target), Peter Jones (Seller)
• Location: UK

Note: This acquisition strengthens AO World’s position in consumer electronics and aims to integrate Jessops into its existing musicMagpie operations, leveraging its platform for refurbished technology and expanding its market reach.