Next says it will keep about 100 Joules stores open, but 19 will be closed with immediate effect.
Clothing chain Joules has been rescued from administration by retail giant Next and founder Tom Joule.However, 19 stores will be closed with immediate effect with the loss of 133 posts.
Under the terms of the deal, Next will take a 74% stake in the business, with Tom Joule owning the rest. Next has also paid £7m to buy the current Joules head office. Mr Joule stepped back from designing Joules' products in 2019, but recently returned to be the company's product director.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Next rescues fashion chain Joules saving 1,450 jobsNext says it will keep about 100 Joules stores open, but 19 will be closed with immediate effect.
Læs mere »
Joules to close 19 shops and cut 133 jobs despite Next rescue dealThe closures follow a rescue deal by its founder and a high street rival.
Læs mere »
Charities appeal for item donations as 450 asylum seekers set to arrive in YorkshireIn December 2022, 450 asylum seekers will be arriving in York and will be staying in a hotel prompting donation requests from charities Refugee Action York and One Voice York.
Læs mere »
More than 100 companies in UK implement four-day working week since COVID pandemicEmployees in the organisations work fewer hours, between 32 and 35 hours a week, but are certified by the 4 Day Week campaign group not to be paid any less despite working reduced hours
Læs mere »
Devon and USA pen pals still in touch after both reaching 100The pair have corresponded since 1938, first by letter, before moving to emails.
Læs mere »