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Evening Standard
Evening Standard
Business
Simon Hunt

Luxury brand Joules blames sales slump on good weather as it fights for refinancing

Joules Luxury

(Mike Egerton/PA)

(Picture: PA Media)

Clement autumnal weather has led to a slump in sales of coats and wellies luxury British designer Joules said today as it fought for extra financing to stay afloat.

The brand, which is a firm favourite with Prince William and Kate, Princess of Wales, said trading had fallen behind forecasts in recent weeks amid hotter-than-expected temperatures and a downturn in consumer confidence.

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