Struggling retailer Joules today revealed it is to go into administration after failing to secure additional financing.
Shares in the Leicestershire-based company, which was set up in 1989, have been suspended ahead of the expected appointment of Interpath Advisory as administrators.
The plight of Joules comes at the start of a huge week for the UK economy, with unemployment and inflation figures on Tuesday and Wednesday before chancellor Jeremy Hunt’s autumn statement on Thursday.
