Joules says turnaround 'progressing well' amid CVA rumours

Exterior of Joules Chelmsford store

Joules has responded to rumours of a potential company voluntary arrangement (CVA) as it continues its turnaround strategy.

The fashion and lifestyle retailer confirmed it is working with Interpath Advisory to assess “certain elements” as part of the development of its plans.

The retailer added that chief executive Jonathon Brown and returning founder Tom Joule are making good progress on the turnaround, which includes driving higher profitability through better pricing and promotions, focusing on shorter lead-time product and optimising its channel mix.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.