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Birmingham Post
Birmingham Post
Business
Tom Pegden

1,450 jobs saved as Next and Tom Joule join forces to buy Joules out of administration

Next, the high street fashion chain, has formed a partnership with Tom Joule to buy Joules out of administration for £34 million.

Mr Joule will take a lead role in re-establishing the business and its products weeks after it almost went bust.

Joules was forced to bring in administrators from Interpath Advisory just over two weeks ago after failing to find backing following months of disappointing sales.

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