Market Harborough-Based Joules Collapses Into Administration

Market Harborough-based Joules has collapsed into administration putting over 1,600 jobs at risk, including around 400 at the fashion retailer’s Rockingham Road headquarters.

All the firm’s 132 shops will remain open as well its on-line store, while options for the business are assessed, including the possibility of it being sold as a going concern.

Will Wright, Ryan Grant and Chris Pole from Interpath Advisory were appointed joint administrators of Joules Group plc earlier today.

At the same time, Will Wright and Ryan Grant were appointed joint administrators of Joules Developments Limited and The Garden Trading Company Limited.

Will Wright, head of Restructuring at Interpath Advisory and joint administrator, said: “Joules is one of the most recognisable names on the high street, with a unique brand identity and loyal customer base.

“Over the coming weeks, we will endeavour to continue to operate all stores as a going concern during this vitally important Christmas trading period while we assess options for the Group, including a possible sale.

“Since the Group’s announcement on Monday, we have had an overwhelming amount of interest from interested parties.  We will be working hard over the days ahead to assess this interest, but at this stage we are optimistic that we will be able to secure a future for this great British brand.”

Joules HQ in Market Harborough

Administrators have released the following information for customers:

All stores and concessions will remain operational, while orders placed online will be delivered as usual.

Valid gift cards will continue to be honoured, although customers will no longer be able to buy new gift cards either online or in-store.

Customers will be able to exchange items in store only for purchases already made, but unfortunately, refunds will not be available.

The returns policy for new purchases has been revised to 14 days.