Troubled photographic specialist is on the hunt for replacement

Jessops' group finance director is to leave the troubled photographic specialist.

Ian Harris will part company with the retailer at the end of the month and a search is under way for his successor.

Harris helped to negotiate the£66.5 million refinancing of Jessops earlier this year. More than 90 per cent of the retailer's market value has been wiped off this year. Its shares closed about 10 per cent down yesterday.

Jessops executive chairman David Adams said: “We would like to thank Ian for his considerable input into the refinancing process and wish him well for the future.” Jessops is battling rising rents and fierce competition from pure-play online specialists, as well as Currys, Comet and the supermarkets.