Impasse: City sources said Next has not received enough financial information from Joules to proceedTalks between Next and 'yummy mummy' fashion brand Joules over a £15m investment have stalled, according to reports. The retailer was in discussions this month to take a 25 per cent stake in Joules but a fresh profit warning has seen its value crash. City sources also said Next has not received enough financial information from Joules to proceed. The investment would have been a lifeline for the Leicestershire-based brand which has been struggling with disappointing sales. Joules, which has around 130 stores, insisted 'positive discussions' with Next are ongoing.

Source: Daily Mail August 29, 2022 08:47 UTC