Ilford Goes Into Administration
A very sad day for Ilford, as the UK-based supplier of traditional photographic materials has been forced to go into adminstration. The entire business could now be sold as a going concern by the appointed adminstrator, Grant Thornton.
Grant Thornton said: “Although growth and profitability in its digital inkjet business has continued to accelerate, the decline in the black and white photography market, in which Ilford Imaging has a major share, has continued. This, combined with the weakness of the dollar and major de-stocking, has led to losses.”
Ilford’s inkjet digital business, which is based in Switzerland, has been unaffected and will continue to trade normally. Ilford Imaging was founded in 1879 and is the world’s leading supplier of dyes for inkjet photo printers and is the second-largest manufacturer of inkjet photo paper.
So potentially another loss for the film market, after the announcement last week that Agfa were withdrawing from the photography business.
Website: The Telegraph - Ilford Imaging reaches the final frame
Website: The Guardian - Digital revolution threatens Ilford jobs