It has been confirmed that discussions around Next taking a 25 per cent share in Joules have come to an end. The news follows a further drop in Joules’ share price. However Joules remains keen to migrate to Next’s Total Platform and talks about this are continuing, as is Joules participation in Next’s Label online shop.
Joules is continuing to seek further options to secure finance and founder Tom Joules is returning to an executive role in the business to focus on its product offer and support recently hired CEO Jonathan Brown in his mission to return the business to profitability.
Share