Joules to appoint administrators as rescue talks fail
by Jasper Jolly from on (#65SXD)
Fashion retailer has about 130 stores and employs more than 1,600 people
The fashion retailer Joules has announced it attends to appoint administrators, putting at risk as many as 1,600 jobs after talks fell through to find new investors.
The board of Joules on Monday said it had regrettably" decided to appoint administrators from Interpath Advisory to Joules Group and three subsidiaries including the Garden Trading Company. Trading in Joules shares has been suspended.
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