1,600 employees would be affected
The parent firm of fashion retailer Joules has warned the company is nearing a collapse which would put put 1,600 jobs at risk. Joules, which has around 130 UK shops, including one in Nottingham's Bridlesmith Gate, sells clothing and homeware products inspired by the countryside and is most famous for its posh wellies.
The brand had held emergency talks with investors, including its founder Tom Joule, which were unsuccessful. Joules Group has also requested that shares in the company are suspended this morning.In a statement released today, Joules Group said: "On 7 November 2022, the company announced it was in advanced discussions with a number of strategic investors to provide a cornerstone investment in an equity raise process.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nottingham Forest 1-0 Crystal Palace: Gibbs-White the hero after Zaha misses a penaltyNottingham Forest ensured they head into the World Cup break off the bottom of the Premier League with a 1-0 win over Crystal Palace...
Read more »
30 photos from poignant Remembrance Sunday service in NottinghamCrowds gathered to watch the service and pay their respects
Read more »
Nottingham estate has 'turned a corner' after decades of crime'We need to start being portrayed in a better light because the estate has turned a corner.”
Read more »
Peter Kay fans urge comedian to add extra Nottingham datesHe will perform at the Motorpoint Arena next summer
Read more »
I'm a fashion pro and tried an H&M Skims dupe - people have flagged 2 issuesA TIKTOK fashion girl has tried on a viral H&M SKIMS dupe and given it an official review. While the tops are flattering, there are two unforeseen issues that users of the platform were quick t…
Read more »