🔴 Fashion brand Joules on brink of going bust with 1,600 jobs at risk after emergency talks fail
November 14, 2022 8:02 am
Fashion retailer Joules is on the brink of collapse after the firm revealed it is set to appoint administrators.The brand said talks over an emergency cash-call with investors including its founder TomJoules said: “The board is taking this action to protect the interests of its creditors.” The Leicestershire-based chain is set to suspend trading in its shares, adding that further announcements will be made “in due course”.
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