Favourite of Kate’s considers Joules bid
>
Favorite of Kate’s considers Joules bid: Fashion giant behind choice of Princess of Wales, Hobbs mulling attack on collapsed shop
<!–
<!–
<!–<!–
<!–
<!–
<!–
Favorite: The Princess of Wales is often seen in Hobbs attire
The fashion giant behind the Princess of Wales’ favorite Hobbs is mulling an attack on collapsed retailer Joules.
South Africa’s The Foschini Group (TFG), which also owns Phase Eight and Whistles, is considering a bid to buy Joules out of administration.
Yummy mummy clothing retailer Joules went bankrupt on Tuesday because it failed to pay back a bank loan that was due at the end of this month.
The collapse put the 1,600 employees and 130 stores at risk.
Kate is often seen in Hobbs clothing, such as this stylish navy blue double-breasted coat, and this has boosted sales for the brand.
TFG was reportedly in talks with Joules about an investment weeks before the collapse.
And sources told Sky News that UK branch TFG London is now considering a bid.
Interpath Advisory administrators run the business during the main Christmas season while looking for a buyer.