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Daily Mirror
Daily Mirror
Business
Levi Winchester

Fashion retailer Joules on brink of collapse with 1,600 jobs at risk of being axed

The parent firm of fashion retailer Joules has warned the company is on the brink of collapse, putting 1,600 jobs at risk.

Joules Group, which also owns The Garden Trading Company, revealed it was to file a notice of intention to appoint administrators after failing to secure new cash funding.

The brand had held emergency talks with investors after warning it may not be able to repay a £5million loan by the end of the month.

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