×
74 293
Fashion Jobs
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
JCREW
Merchandise Planner
Permanent · New York
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Part Time
Permanent · Pleasanton
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Investigator, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Coronado Center - Part Time
Permanent · Albuquerque
MACY'S
Asset Protection Detective, Roosevelt - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Manager, Asset Protection
Permanent · Capitola
MACY'S
Manager, Merchandise Execution
Permanent · Boca Raton
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
ROSS
Store Protection Specialist
Permanent · McAllen
Published
Apr 3, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Joules raises £15m in share placing to get it through the Covid-19 crisis

Published
Apr 3, 2020

Joules has announced the successful completion of a share placing with nearly 19 million new ordinary shares having been placed. It raised £15 million in gross proceeds. 


Joules


The company said that those proceeds are being used to provide it with “sufficient liquidity headroom in a Covid-19-related downside scenario, as well as allow the company to emerge relatively stronger from this unprecedented situation”.

All of its directors, including founder Tom Joule and CEO Nick Jones, participated in the placing, with the top team's joint purchases adding up to nearly 8% of the total. 

Nick Jones said the action “will help Joules to deliver its long-term growth plans as well as supporting the business to successfully navigate through the current unprecedented trading environment. We are delighted with the levels of support from our shareholders, which reflects broad recognition of the strength of the Joules brand and our business model as well as our exciting, long-term prospects.”

The placing shares will represent around 17.3% of the company's enlarged issued share capital. 

Joules has been one of the stronger players in the battered UK retail sector in recent periods and, despite some supply chain issues during the important festive trading season, has consistently turned in strong sales and profit rises. In a sector where not every business is expected to survive, it's seen as one of the most likely to come out of this relatively strongly.

Copyright © 2023 FashionNetwork.com All rights reserved.