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Evening Standard
Evening Standard
Business
Mark Banham

High-end retailer Joules considers creditor approach

Joules

A Joules store in Nottingham (Mike Egerton/PA)

(Picture: PA Media)

Troubled high-end retailer Joules a reported favourite of William and Kate the Prince and Princess of Wales has admitted that it could be forced to adress its creditors in a battle for the survival of the chain.

The retailer, that has more than 130 stores across the UK and Ireland and 1,300 staff, has now admitted that a company voluntary arrangement (CVA) could be a possibility in order to pay debts to its suppliers. It had reported a “significant” loss for the first half of the year in August.

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