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Joules founder to make £40m from float

Discussion in 'Market News' started by Lily, May 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Tom Joule, who founded the clothing company in 1989, to reduce his holding to less than 50%

    The founder of the clothing brand Joules is set to make about £40m in cash when the business he launched from stalls at country fairs floats on the stock market.

    Joules announced its intention to sell shares on London’s Aim by the end of next month in a transaction likely to value the company at about £140m.

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