Next, the renowned fashion retailer from the UK, has ended its investment talks with the struggling clothing retailer Joules.
The move follows Joules’ reported statement last month that it was in talks with Next about the buying of nearly £ 15 million of its shares, which was just less than a month after Joules had appointed KPMG debt advisory to enhance profitability, cash flow and liquidity.
The investment talks might have ended, but Joules has, reportedly, stated that it was still in discussions with the British clothing retailer over adopting Next Total Platform online services.
Meanwhile, Joules also said that it continues to develop and execute its strategy and turnaround plan.
Joules sells clothing and homeware products inspired by British country lifestyles. Founded in 1989, it is known for selling apparels at country shows.
