High Street
Next partners with Tom Joule to acquire Joules
Next will own 74% of the equity of the new company, with the remaining 26% owned by Tom Joule
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2022/11/NEXT-e1668531630628.jpeg?lossy=1&strip=1&webp=1)
Joules has confirmed that its founder Tom Joule has partnered with Next Plc to acquire the majority of assets of Joules via a newly formed company out of administration for a total cash consideration of £34m.
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