VULTURES CIRCLING JESSOPS!

VULTURES CIRCLING JESSOPS! - Jessops have entered into consultation with retail restructuring firm Gordon Brothers. The US firm specializes in buying struggling retailers that can be rescued from impending insolvency by restructuring their debt. Gordon Brothers has made a number of acquisitions in Europe. However, in the current climate it could find the UK hard work. Financing a debt restructure of a retailer would be problematic here, as the markets for notes are currently averse to higher risk issuances, money is not cheap, and potential holders are put off retail by the expectation it will suffer from the increasing mortgage burdens on consumers.