Editor
Joules Group said on Tuesday it was no longer in talks with retailer Next Plc over a potential £15 million ($17.29 million) equity investment in the British fashion group, sending its shares down more than 45 percent.
Joules, which did not disclose the reason behind the stalled talks, has been struggling with its finances as consumers turn cautious about spending due to surging inflation and a deepening cost of living crisis.
The company,…
