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Birmingham Post
Birmingham Post
Business
Tom Pegden

Joules announces it is going into administration

Joules, the UK country fashion and homeware brand, is going into administration, putting more than 1,000 jobs at risk.

The retailer said it was suspending trading in its shares following months of financial difficulties.

Only last week it provided an update saying it was in 'advanced discussions' with potential backers, including founder Tom Joule, to save the business.

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