High Street camera retailer Jessops, with stores in Truro and Penzance, has shut all of its stores, leading to the loss of around 1,370 jobs.
Administrator PricewaterhouseCoopers (PwC), appointed Wednesday, said all 187 stores in the UK would shut at the end of trading on Friday.
Rob Hunt, joint administrator at PwC, said it was an “extremely sad day for Jessops and its employees”.
He added that the decision to shut down the business came after discussions with suppliers "around their support for ongoing trading", which was not forthcoming.
"The stock will be collected over the coming days and returned to a central warehouse. It will be returned to suppliers if they are entitled to it. As a consequence of the closure, Jessops is no longer able to accept returned product from customers," Mr Hunt said.
"We will continue to ensure that employees are paid as they assist us during the closure."