Joules poised for international expansion
Joules, the fashion lifestyle brand, is to expand further internationally after securing £11 million in additional credit facility from Barclays to aid growth in Europe and North America.
Currently operating 99 stores in the UK, Joules also has a significant ecommerce business which now makes up close to 25% of total sales. Meanwhile, its wholesale operations account for a further 28%. The company now wants to capitalise on new opportunities available in key international markets.
Tom Joule, Joules chief executive and founder, said: “We welcome Barclays’s continued support to help us achieve our strategic growth aspirations in overseas markets. This extended facility allows us to widen the appeal of the fun, quirky, British-born Joules brand internationally. We will continue to invest in our multi-channel offering as well as growing our home market and our loyal customer base.”
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