Next buys Joules out of administration
Next will own 74% of a newly formed company with the remaining 26% owned by Joule. It will keep around 100 of the current 124 Joules stores in the UK and
Source: drapersonline.com
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Next will own 74% of a newly formed company with the remaining 26% owned by Joule. It will keep around 100 of the current 124 Joules stores in the UK and
Joules in Ipswich town centre and other Suffolk stores will remain open after a takeover by Next.
The deal will see Next own a 74 stake in the business, with Tom Joule owning the remaining 26.
The deal will see Next own a 74 stake in the business, with Tom Joule owning the remaining 26.