AO World acquires Jessops while maintaining annual guidance
AO World completed the acquisition of photography retailer Jessops from Peter Jones, with financial terms undisclosed. The purchase includes Camera Jungle, adding used-camera capabilities alongside AO’s existing musicMagpie resale operation. The deal broadens its specialist-electronics offering rather than representing a new forecast of the acquired business’s financial contribution. AO expects first-half pre-tax profit of approximately £21.5 million, up 20%, with revenue growth of around 5.5%.
0