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Wales Online
Wales Online
National
Neil Shaw

1,600 jobs at risk as Joules will appoint administrators

Joules Tom Joule

Around 1,600 jobs are under threat after fashion retailer Joules revealed it is set to appoint administrators following a failure to secure a vital cash injection.

The brand – famous for its posh wellies – said talks over an emergency cash-call with investors including its founder Tom Joule were unsuccessful and have ended.

It said it would file a notice of intention to appoint Interpath Advisory as administrators to the firm and its subsidiaries, including online home and garden retailer The Garden Trading Company, “as soon as reasonably practicable”.

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