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Joules CFO confirms departure

Sophie Smith
25 November 2022

Joules has confirmed the departure of its Chief Financial Officer, Caroline York, following its collapse into administration last week.

York joined Joules as CFO in July 2021. Prior to this, she served as Group Finance Director of MoneySupermarket Group. On LinkedIn, York announced that she is "looking forward to some time off before taking on a new challenge".

In the post, she continued: "Today I am leaving Joules. It won’t surprise anyone to hear me say that the last 15 months have been extraordinarily challenging, but I couldn’t have picked a better bunch of people to walk through fire with.

"It was very sad to have to put the business into administration last week, particularly such a special brand which we had fought so hard for, and came so close to a solution. I am so proud of the team and the amazing work they did on the turnaround plan over recent months and I am hopeful that this will help Joules find a new path on the other side of this process.

"I wish everyone I have worked with at Joules the very best for the future. We have all learned so much from this, so whether staying with Joules or moving on, this is a group of people I know will achieve great things."

The announcement comes after Joules collapsed into administration on 16 November 2022. The company has since appointed Will Wright, Ryan Grant and Chris Pole of advisory firm Interpath Limited as joint administrators.

At the time, Will Wright said: “Joules is one of the most recognisable names on the high street, with a unique brand identity and loyal customer base. Over the coming weeks, we will endeavour to continue to operate all stores as a going concern during this vitally important Christmas trading period while we assess options for the group, including a possible sale."

Last week, TFG London was reportedly among those considering a bid for Joules.

Joules employs 1,600 staff and operates 132 stores, which are continuing to operate, along with its website, while Interpath Limited explores options for its future.

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