Joules falls into administration

Joules has fallen into administration putting 1,600 jobs at risk.

A Joules shop in Nantwich, Cheshire. Photograph: Christopher Furlong/Getty

Leicestershire-based company, which has 132 shops across the region including at Cannock’s McArthurGlen designer outlet, Shrewsbury and Birmingham, will continue to stay open while administrators look for a buyer.

Many retailers have been struggling as consumers cut spending amid rising prices. Inflation rose to 11.1% in October, latest figures show.

Will Wright, one of the administrators from Interpath Advisory, said: “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.”

Wright added: “At this stage we are optimistic that we will be able to secure a future for this great British brand.”

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