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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Joules to appoint administrators as rescue talks fail

Joules Tom Joule Next
Joules shop
Joules has been struggling for months with falling sales. Photograph: Acorn 6/Alamy

The fashion retailer Joules has announced it attends to appoint administrators, putting at risk as many as 1,600 jobs after talks fell through to find new investors.

The board of Joules on Monday said it had “regrettably” decided to appoint administrators from Interpath Advisory to Joules Group and three subsidiaries including the Garden Trading Company. Trading in Joules shares has been suspended.

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