Joules

Joules makes senior director redundancies following administration

Joules has reportedly made a series of redundancies across its senior positions, a week after the announcement that the group had fallen into administration. According to Retail Week, the retailer‘s channels director Rimal Patel and brand and creative director Chloe Ward have both left the business, while CFO officer Caroline…

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Crew clothing eyes Joules takeover

Crew Clothing’s owner and majority shareholder is reportedly considering acquiring  embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…

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Joules collapses into administration

Joules has officially appointed administrators and is set to be wound up after talks with potential investors collapsed, with up to 1,600 jobs at risk.  Will Wright, Ryan Grant and Chris Pole from Interpath Advisory have been appointed joint administrators of Joules Group plc and Joules Limited. At the same…

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Joules to fall into administration, 1,600 jobs at risk

Joules is set to appoint administrators after talks with potential investors collapsed, with up to 1,600 jobs now at risk. Earlier this month, the company announced it was in advanced discussions with a number of strategic investors regarding financing options for the group.  It spoke with a number of strategic…

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N Brown appoints new director of design

N Brown Group has announced the appointment of Helen Low as the group’s new director of design. Low, who is currently head of design at Joules, will join on 21 November 2022. The appointment is in line with existing succession plans for the group’s current director of design, Neil Hendy,…

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Joules explores CVA as trading lags behind expectations

Joules has announced it is exploring a possible CVA after trading continued to soften in recent weeks, as it continues to work alongside Interpath Advisory to explore a number of options to secure the group’s future.  As part of its turnaround plan, the group also advanced discussions with a number…

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Joules says CVA is a ‘potential option’ amid turnaround plan

Joules has announced that a Company Voluntary Arrangement (CVA) is one of other “potential options” as the retailer develops its turnaround plan to drive higher profitability. The company said it is making “good progress” in the plan, and that it continues to assess its ongoing financing requirements, including a possible…

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Joules says turnaround plan is ‘going well’ amid CVA rumours

Lifestyle retailer Joules has confirmed that it has appointed Interpath Advisory to help the company with its turnaround plan. The retailer confirmed the news in a statement released yesterday (29 September) which revealed that the financial advisors are “assisting the board with an initial assessment of certain elements as part…

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Next pulls out of Joules takeover deal

Fashion retailer Next has reportedly pulled out of its takeover deal with Joules after talks between the two ended, according to The Independent. Joules was said to be in investment talks with the group last month after reports stated it could sell a 25% stake to its larger rival.  Following…

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Joules deal with Next in danger after share price tumbles

Joules’ hope of securing an investment lifeline from Next has taken a blow after reports suggest that the two companies are still not close to coming to an agreement, according to Sky News. The news comes three weeks after it the companies first confirmed they were in discussions. Joules’ valuation…

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