Fashion retailer Joules has said it plans to file a notice of intent to appoint administrators in a move that puts around 1,700 jobs under threat.
Joules was in talks with investors including founder Tom Joule to inject cash into the business as sales continued to disappoint.
Last week, The group, which has a brand on Edinburgh's George Street, said Mr Joule - who recently returned to the firm in an executive position as product director - was among a number of "strategic investors" in discussions to provide a "cornerstone investment in an equity raise".
