AROUND 1,600 jobs are at risk as a fashion retailer is on the brink of administration.
Joules, which has a store in Southampton's Westquay, has said it plans to file a notice of intent to appoint administrators.
The move will put around 1,600 jobs under threat.
The brand said talks over an emergency cash-call with investors including its founder Tom Joule were unsuccessful and have ended.
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It said it would file a notice of intention to appoint Interpath Advisory as administrators to the firm and its subsidiaries “as soon as reasonably practicable”.
Joules said: “The board is taking this action to protect the interests of its creditors.”
It will suspend trading of its shares on the stock market due to the decision, adding that further announcements will be made “in due course”.
The chain employs around 1,600 staff and has 130 shops.
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