Fashion firm Joules falls into administration putting 1,600 jobs at risk

Shops will stay open while administrators assess options for the company

The fashion firm Joules has formally fallen into administration, putting 1,600 jobs and the future of the retailer's 132 shops at risk.

The company said on Monday it had filed a notice to appoint administrators after failing to secure emergency funding. It has now hired administrators from Interpath Advisory, who said shops would stay open while they assess options for the business".