Joules shares dive as Next investment talks end
The proposed £15m investment by Next into lifestyle brand Joules Group is off, it has been announced.
Joules confirmed on Tuesday afternoon (September 13) that discussion over Next acquiring an equity stake in the struggling Market Harborough firm had been called off – but that the pair have an “ongoing positive relationship”.
Meanwhile, non-executive director and founder of Joules, Tom Joule, is to make a return to an executive role, promising “surprises and delights” as he takes on responsibility for product development.
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