Clothing & Shoes

Joules appoints KPMG to help boost profitability

It comes as it revealed as of 29 May, it has net debt of £21.4m, giving £11.3m headroom within its banking facilities

Outdoor fashion and lifestyle retailer Joules has appointed ‘Big Four’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. According to reports from The Sunday Times, Joules has called in advisors from KPMG’s debt advisory practice to explore options to shore up its cash position, with raising fresh capital said to be among one of the options available. 

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