Around 1,600 jobs are at risk with top fashion retailer Joules set to go into administration
The posh retailer looks set to appoint an administrator after the failure to secure an injection of cash in recent weeks to boost the ailing company. The brand - famous for its wellies - say discussions over a last-minute cash-call with investors like founder Tom Joule were unsuccessful and have now concluded with no deal.
Joules said it would now file a notice of intention to appoint Interpath Advisory as administrators to the firm and its subsidiaries "as soon as reasonably practicable".It will suspend trading of its shares on the stock market due to the decision, adding that further announcements will be made "in due course". Don't miss the latest news from around Scotland and beyond - Sign up to our daily newsletter here.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Joules set to collapse into administration putting 1,600 jobs at riskThe fashion brand has 130 shops across the UK
Lire la suite »
Bose Smart Soundbar 600 reviewBose Smart Soundbar 600 review: get the thrill of real Dolby Atmos channels for a low price, from a small soundbar
Lire la suite »
Retailer Joules nears collapse risking 1,600 jobsThe Leicestershire-based UK clothing and homeware brand is set for administration after failing to raise extra funds
Lire la suite »
Retailer Joules nears collapse risking 1,600 jobsThe UK clothing and homeware brand is set for administration after failing to raise extra funds.
Lire la suite »
Joules set to fall into administration putting 1,600 jobs at riskSTRUGGLING retailer Joules is set to fall into administration, it has been announced. It comes as the said it plans to file a notice of intent to appoint administrators. The announcement comes afte…
Lire la suite »
Fashion brand Joules on brink of going bust with 1,600 jobs at risk after emergency talks fail🔴 Fashion brand Joules on brink of going bust with 1,600 jobs at risk after emergency talks fail
Lire la suite »