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Daily Mirror

Business

Sam Barker

Fashion retailer Joules to shut 19 stores TODAY after being bought by Next

Joules has been bought out of administration by Next and founder Tom Joule - but 19 stores are set to close.

The deal will see Next own a 74% stake in the business, with Tom Joule owning the remaining 26% share.

Next said that it plans to continue to run around 100 of Joules' 124 stores.

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