THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Joules raises £15 million to help it weather coronavirus crisis

Lifestyle clothing brand Joules has raised £15 million through a shares placing as it looks to support its business through the coronavirus crisis. A total of… View Article

FASHION RETAIL NEWS UK

Joules raises £15 million to help it weather coronavirus crisis

Lifestyle clothing brand Joules has raised £15 million through a shares placing as it looks to support its business through the coronavirus crisis.

A total of 18,750,000 new ordinary shares of one pence each were placed at a price of 80 pence per share.

In a statement, Joules said the proceeds are expected to provide the company with sufficient liquidity headroom in a Covid-19-related downside scenario and help it to emerge stronger after the crisis.

Nick Jones, chief executive of Joules, said: “This placing will help Joules to deliver its long-term growth plans as well as supporting the business to successfully navigate through the current unprecedented trading environment.

“We are delighted with the levels of support from our shareholders which reflects broad recognition of the strength of the Joules brand and our business model as well as our exciting, long-term prospects.”

 

Subscribe For Retail News