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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 Africa's 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
Jobs in Norfolk could be saved at the high street retailer Joules, with stores in Norwich, Holt and Wells, following reports of a rescue deal.
Several senior directors at Joules were made redundant this week following its collapse into administration on 16 November, while all remaining employees