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Evening Standard
Evening Standard
Business
Simon Hunt

Next lays off 133 staff after buying collapsed retailer Joules

Joules is set to appoint administrators following a failure to secure a vital cash injection (PA)

(Picture: PA Wire)

Collapsed country fashion brand Joules has been bought up by retail rival Next, administrators have said, in a deal that will see 133 of its staff being laid off.

The retailer has acquired around 100 Joules stores, with approximately 1,450 employees across these stores and head office transferring as part of the transaction.

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