Collapsed fashion brand Joules closes in on rescue deal with Hobbs owner
Joules' administrators were close to an agreement with South Africa's The Foschini Group, which also owns Phase Eight and Whistles.
Source: thisismoney.co.uk
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Joules' administrators were close to an agreement with South Africa's The Foschini Group, which also owns Phase Eight and Whistles.
Without access to critical data and systems, companies will stall at the roadside while their competitors race ahead. This is according to Byron Horn-Botha, business unit head at Arcserve Southern Africa.
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.
Next will take on 100 Joules stores, saving 1,450 jobs