Online electricals retailer says latest purchase continues to broaden its appeal beyond white goods, phones and TV.
The troubled camera retailer Jessops has changed hands after AO World acquired the business from the Dragons’ Den star Peter Jones.
The online electrical retailer said on Thursday it had completed the acquisition of Jessops.
AO bought the entire business, including its remaining seven stores around the UK, for an undisclosed sum.
In December 2024, AO bought musicMagpie, which buys and sells used smartphones, tablets, consoles, video games, CDs and DVDs.
The company said it expected Jessops to grow over the next 12 months as it leveraged its own scale, web traffic and operational expertise.
Jessops posted a 6.5% rise in revenues to £19.8m last year, and made a pre-tax loss of £1m, down from £1.17m in 2024, according to its most recently filed accounts at Companies House.
Founded in 1935 by Frank Jessop in Leicester, Jessops has endured a troubled history over the past two decades, and called in administrators three times.
Jones bought the Jessops brand in January 2013 to run it as a purely online retailer, and did not buy its 187 stores.