Joules to appoint administrators as rescue talks fail

Fashion retailer has about 130 stores and employs more than 1,600 people

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

The board of Joules on Monday said they 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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​Fashion retailer has about 130 stores and employs more than 1,600 peopleThe fashion retailer Joules has announced it attends to appoint administrators, putting as many as 1,600 jobs at risk after talks fell through to find new investors.The board of Joules on Monday said they 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. Continue reading…