Whistles’ parent company, the Foschini Group (TFG), is reportedly considering making a bid to rescue struggling retailer Joules. The British fashion brand recently called in administrators, which has put 1,600 jobs at risk. Prior to Joules’ administration, TFG had been in talks to invest in the company for several weeks, aiming to acquire a significant stake in the business. However, a previous deal with Next to obtain a major holding fell through earlier this year.

There are industry sources suggesting that TFG’s UK operation, TFG London, is now exploring the option of taking control of Joules from the insolvency practitioner, Interpath Advisory. Nevertheless, there is tough competition for the bid, with Next, Marks & Spencer, and Frasers Group also believed to be likely contenders to acquire Joules.

Joules currently operates 132 stores across the UK, but there are concerns that the new owners might decide to close some or all of these locations. Ultimately, the fate of Joules on UK high streets remains uncertain. Administrators have expressed optimism about the number of potential buyers showing interest, indicating a positive outlook. However, no official statements regarding the potential acquisition of the brand have been made by any of the involved parties.

Useful links:
– For more information on Joules and its products, visit the official website: Joules Official Website.
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