Published
May 4, 2016
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Joules announces AIM float

Published
May 4, 2016

British men’s and women’s casual clothing and lifestyle retailer Joules has announced that it is intending to trade shares in the company on AIM, a market of the London Stock Exchange.


Joules


Admission to the market is expected to occur during 2016's second quarter. Joules also announced the appointment of David Stead as Senior Independent Non-Executive Director, and Jill Little as Independent Non-Executive Director.

Colin Porter, Chief Executive Officer of Joules, said: “Joules is a distinctive, established and fast-growing lifestyle brand and we are delighted to announce our intention to list on AIM as an exciting new phase in the brand’s development. Joules has a rare heritage and a strong presence across clothing and lifestyle product categories. Since the brand’s foundation more than 26 years ago, Joules has enjoyed strong, consistent growth developing into the much-loved fun, family, "time-off" lifestyle brand it is today. We have a clear strategy to develop the brand further and we see real potential for continued growth across channels both in our core UK market and internationally."

Over the last three years, Joules has opened an average of 12 new stores in the UK each year. The company increased its group revenues by 50.2% to £116.4m between FY13 and FY15.

Joules also said that international expansion is a priority for the group, and that it will continue to focus on North America and Germany in the medium term. It also continues to assess potential opportunities in the Middle East, Japan and China.

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