Joules has brought in KPMG debt advisors to help it bolster its cash position.
The lifestyle clothing brand, which earlier this year warned that profits would be well below forecasts due to Covid and rising costs, said it had appointed the accounting firm to help it bring in cash and improve profitability.
The Market Harborough-based business – which sells through its own shops, other retailers and online – put out a statement this morning that it expected to have “sufficient liquidity” to help it through the short term.
