Clothing giant Joules has been rescued by retail giant Next and founder Tom Joule.
The Leicestershire-based company had gone into administration last month after failing to secure emergency investment.
As part of the bailout deal, Next will take a 74% stake in the company, with Tom Joule owning the rest.
Next said about 100 of Joules’ current 124 stores would remain open, but 19 stores would close.
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