Page 20 - Phase Eight News Today

The deal will see Next own a 74 stake in the business, with Tom Joule owning the remaining 26.

TFG is close to an agreement to buy around three-quarters of Joules' stores and assets. It is understood that a deal could be completed later today (30

There are a number of UK-based brands that will be available for sale or in financial difficulty in the next couple of months – CEO.

Eskom’s unrelenting rolling blackouts recently forced TFG, one of South Africa’s largest retailers, to spend R200-million to find alternative and emergency sources of electricity to power up its stores when the country is thrown into darkness.  

Joules administrators were close to an agreement with South Africas The Foschini Group, which also owns Phase Eight and Whistles.

It follows appointment of “big four” auditing firm PwC as administrators to the Cut4Cloth Limited business earlier today (30 November). Drapers understand

Ukulele players raised thousands for Children in Need.

Two new clothes shops have opened in Marlow as another continues to prepare for its first day in the town centre.

Joules: The Foschini Group (TFG), which owns Phase Eight, Whistles and Hobbs, is reportedly exploring a bid to take control of Joules after it collapsed

The Foschini Group, which also owns Phase Eight and Whistles, is considering a bid to buy Joules out of administration.