TFG London, parent of Whistles and Hobbs, is reported to be among those considering a bid for fashion and lifestyle brand Joules which was placed into administration on 16 November.
According to Sky News, TFG London, which is part of South African retail empire The Foschini Group, had been in talks with Joules before its fall into administration about taking a substantial stake in the previously listed business.
It is now said to be in negotiations with Interpath Advisory, which is handing the administration of Joules about a potential rescue deal. However it is far from the only interested party with Marks & Spencer, NEXT and Frasers Group all said to be weighing up a possible bid. As well as being sold via its owned channels, Joules is also available through Next, Marks & Spencer and John Lewis.
Joules employs 1,600 staff and operates 132 stores, which are