Fashion brand Joules has gone into administration. The retailer's 132 shops and 1,600 workers now face an uncertain future.
Joules said on Monday that, having failed to find emergency funding, it had filed a notice to appoint administrators. It has now hired administrators from Interpath Advisory.
Interpath said there had been “overwhelming” interest from potential buyers to snap up both the brand and its assets. Administrators added that the business will continue to trade and shops will stay open while they “assess options for the business, including exploring the possibility of a sale as a going concern”.
