{"id":7820,"date":"2022-11-14T16:29:54","date_gmt":"2022-11-14T16:29:54","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/joules-set-to-fall-into-administration-putting-1600-jobs-at-risk\/"},"modified":"2022-11-14T16:29:54","modified_gmt":"2022-11-14T16:29:54","slug":"joules-set-to-fall-into-administration-putting-1600-jobs-at-risk","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/joules-set-to-fall-into-administration-putting-1600-jobs-at-risk\/","title":{"rendered":"Joules set to fall into administration putting 1,600 jobs at risk"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div id=\"post-122515\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/joulesfeat.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/joulesfeat.jpg 600w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/joulesfeat-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" alt=\"1600 jobs at risk as Joules preps to appoint administrators after financing talks collapse\" title=\"1600 jobs at risk as Joules preps to appoint administrators after financing talks collapse\"\/><figcaption class=\"wp-caption-text\">The business employs around 1,600 staff and has 130 stores.<\/figcaption><\/figure>\n<\/div>\n<div class=\"td-a-rec td-a-rec-id-content_top  td-rec-hide-on-m tdi_17_a62 td_block_template_1\"> <noscript>  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.adform.net\/adfserve\/?bn=58816468;srctype=4;ord=[timestamp]\" border=\"0\" width=\"728\" height=\"90\" alt=\"\"\/>  <\/noscript><\/div>\n<h6><span style=\"color: #ff6600;\">\/\/<\/span> Joules to call in administrators after rescue talks fail<\/h6>\n<h6><span style=\"color: #ff6600;\">\/\/ <\/span>The retailer said it will file a notice of intention to appoint administrators \u201cas soon as reasonably practicable\u201d<\/h6>\n<hr\/>\n<p class=\"dcr-2v2zi4\">Struggling high street retailer\u00a0Joules will appoint administrators after failing to secure a vital cash injection.<\/p>\n<p>The business, famous for its high-end wellies and coats, said talks over an emergency cash-call with investors including its founder Tom Joule were unsuccessful and have ended. Around 1,600 jobs are under threat.<\/p>\n<p class=\"dcr-2v2zi4\">Joules will file a notice of intention to appoint Interpath as administrators \u201cas soon as reasonably practicable\u201d and has suspended shares in the company.<\/p>\n<hr\/>\n<h5><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest news straight into your inbox each morning<\/span><\/p>\n<hr\/>\n<p>Joules said: \u201cThe board is taking this action to protect the interests of its creditors.\u201d<\/p>\n<p>The fashion retailer had been thriving before the pandemic but had been hit by weak trading over the past year as inflation soared and consumer confidence dipped.<\/p>\n<p>It had been in talks with Next over the fashion and home giant taking a minority stake, however, Next pulled out in mid-September after it emerged that trading at Joules was worse than expected<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/div>\n<footer\/><\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The business employs around 1,600 staff and has 130 stores. \/\/ Joules to call in administrators after rescue talks fail \/\/ The retailer said it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-7820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/7820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=7820"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/7820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/7821"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=7820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=7820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=7820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}