‘As Next snaps up Joules, expect more retailers to go shopping for distress deals’

Exterior of Joules, Burnham Market

The current economic environment means the recent rash of acquisitions could continue, but such deals can turn a crisis into a shared opportunity, writes Retail Week executive editor George MacDonald

Fashion giant Next bought Joules out of admin this week in alliance with founder Tom Joule, again seeing opportunity in brands that have gone belly up.

The Joules deal came hard on the heels of Next’s acquisition last month of Made.com, which went skint in the torrid trading conditions afflicting many retailers.


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