UK retailer Joules calls in administrators after struggling to secure funding via IrishTimesBiz
It explained: “The board is taking this action to protect the interests of its creditors” Garden Trading, Joules’ furniture and accessories business, will also file for administration. Joules has suffered from the milder weather this year, as well as the cost of living crisis, which both hit sales in recent month.
In August it issued a profits warning, blaming the summer heatwave for plunging sales of clothing such as jackets, knitwear and wellington boots.
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