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Chief executive Anthony Thunström says the acquisition will enable the group to scale up its presence in the value-branded footwear segment and gain new customers.
However, Interpath Advisory that was was appointed as Joules’s administrator on 16 November moved swiftly to counter the challenge from TFG today (15
Last week, Joules was bought out of administration by former suitor Next, which swept in with a £34m eleventh hour bid, beating fellow suitor The Foschini
Irrespective of what happens, we’ve got to deal with this issue in a way that begins to bring the country together: CEO Cas Coovadia.
Next, run by Lord Simon Wolfson (pictured), will own 74% of the collapsed business, with the rest owned by Joules founder Tom Joule.