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Joules collapses into administration

Wed, 16th Nov 2022 17:04

(Sharecast News) - Beleaguered fashion and lifestyle retailer Joules collapsed into administration on Wednesday, putting more than 1,600 jobs at risk.

Will Wright, Ryan Grant and Chris Pole of Interpath Limited have been appointed as administrators to the company and Joules Limited, and Will Wright and Ryan Grant to The Garden Trading Company and Joules Developments.

Joules had already announced at the start of the week that it was planning to call in administrators after failing to raise new funding.

The shares were suspended from trading on AIM on 7 November.

Interpath said the business will continue to trade and shops will stay open while it assesses options, including exploring the possibility of a sale as a going concern.

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25 Jul 2018 10:51

Joules Profits "Ahead Of Expectations" In Tough UK Retail Market

LONDON (Alliance News) - Joules Group PLC said Wednesday it made annual profit "ahead of initial expectations" within a tough UK retail market plagued by store closures by the year to up

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25 Jul 2018 10:36

Joules annual sales and profit rise as expansion pays off

(Sharecast News) - Clothing retailer Joules posted a jump in annual profit and revenue on Wednesday as it reaped the benefits of its UK and international expansion.

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31 May 2018 16:04

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22 May 2018 11:33

Joules Chairman To Be Replaced By Outgoing DFS CEO Ian Filby

LONDON (Alliance News) - Joules Group PLC said Tuesday that Non-Executive Chairman Neil McCausland will step down from the board in July.MvCausland, who served on the clothing retailer for

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8 May 2018 13:53

DIRECTOR DEALINGS: Joules Finance Head Marc Dench Sells Shares

LONDON (Alliance News) - Clothing retailer Joules Group PLC said Tuesday its Chief Financial Officer Marc Dench sold shares in a deal worth GBP164,700 in a transaction last Friday.Dench - -

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31 Jan 2017 08:39

Joules Group Pays Maiden Dividend As First-Half Profit Grows

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24 Jan 2017 16:09

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11 Jan 2017 10:19

Joules retail sales up 23% over Christmas period

(ShareCast News) - Clothing retailer Joules said on Wednesday that it delivered another strong performance over the Christmas period. In the seven-week period to 8 January, total retail sales were up 22.8% against the same period the year before thanks to continued strong growth across both the stor

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11 Jan 2017 09:36

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7 Dec 2016 10:23

Joules sales growth accelerates in first half

(ShareCast News) - 'Lifestyle' clothing retailer Joules said its revenues increased 16.2% to £81.4m in the first half of its financial year, with the gross margin increased by approximately 100 basis points against the prior year. Last year the company grew sales 12.8%. In the 26 weeks to 27 Novemb

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23 Nov 2016 15:51

Director dealings: Joules CEO splashes out on welly maker

(ShareCast News) - Joules chief executive Colin Porter forked out for £0.25m worth of shares in the wellington boots-to-comfy jumpers retailer after they gave up much of their gains since a solid set of maiden results. Ex-Crombie and House of Fraser executive Porter, who has been at the company s

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17 Nov 2016 09:28

Liberum downgrades Boohoo on valuation but still bullish

(ShareCast News) - Boohoo.com was weaker on Thursday after Liberum downgraded the stock to 'hold' from 'buy' on valuation grounds after the shares rose more than 216% year-to-date. In a note on clothing retailers, Liberum said it remains bullish on Boohoo's prospects, but on a price-to-earnings rati

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7 Sep 2016 08:59

Joules hails 'tranformational year' as profit, sales rise

(ShareCast News) - Fashion retailer Joules, which listed on AIM in May, reported a rise in full-year profit as revenue grew in what it called a "transformational year". In the 52 weeks ended 29 May, underlying pre-tax profit rose to £7.5m from £5.3m, on revenue of £131.3m, up 12.8% from the year bef

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