Jobs at risk as Jacobs collapses

Camera retailer Cecil Jacobs collapsed into administration yesterday, jeopardising more than 150 jobs

The family-run firm, which was more 70 years old and ran a chain of 19 stores from its base in Leicester, is the latest victim of the squeeze on the high street.

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Administrators at PKF will carry on running the business, which employs 154 staff and has stores in Edinburgh and Glasgow, while they seek a buyer.

Joint administrator Eddie Kerr said: “It’s desperately sad to see a family-run business such as Cecil Jacobs encounter problems. The company has a rich heritage and loyal customer base, but this has not been enough to see it through the ongoing economic slowdown.”