Joules has formally fallen into administration, putting the future of the retailer’s 132 shops and 1,600 workers at risk.
A notice to appoint administrators was filed earlier this week, after failing to secure emergency funding. The company has now hired administrators from Interpath Advisory.
They said 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”.
