Camera retailer Jessops is to restructure - meaning that almost half of it will be owned by its biggest creditor - HSBC.
The bank will take a 47 per cent stake in the company, with pension and employee trusts owning the rest.
Jessops, which has a store in Douglas, said the reorganisation would protect 2,000 jobs.
Delays to production of Isle of Man Creamery spreadable butter
Hopes it will be back on the shelves in the next week
Minimum Wage increase proposals revised
Follows feedback from 'industry and other representatives'
Planning sought for adult gaming centre in Douglas
The building will accommodate 12-14 machines
MNFU continuing discussions over issues with importation
Challenges with bringing in breeding stock
