more uncertainty at joules as credit insurer pulls cover for suppliers

More uncertainty at Joules as credit insurer pulls cover for suppliers

Sumary of More uncertainty at Joules as credit insurer pulls cover for suppliers:

  • Sources added that Next had not yet received sufficient financial information in order to make a formal proposal, with further doubts surrounding Joules’ initial valuation of 33 pence-a-share or more, as it revealed earlier this month.
  • Allianz Trade – formerly Euler Hermes – has pulled cover for Joules’ suppliers, casting more doubt on whether high road giant Next will buy a stake in the struggling business, The Sunday Times reports.

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