Inactive Instrument

Joules Group

Equities

JOUL

GB00BZ059357

Joules Group plc Announces Executive Changes; Proposes Final Dividend

July 23, 2019 at 02:00 am EDT

Joules Group Plc announced that in April 2019, Colin Porter informed the Board of his intention to retire following eight years in the business, the past five of which have been as Chief Executive Officer. At the same time, the Board was delighted to announce the appointment of Nick Jones as the Group's next Chief Executive Officer. Nick will be joining the Group from Asda where he has been a member of the Executive Board. Nick will be joining the Board on 2 September 2019 and, following a handover period to ensure a smooth transition, Colin will then step down.

The Board has proposed a final dividend of 1.35 pence per share which, if approved at the shareholders' AGM, will take the dividend for the full year to 2.1 pence per share (FY18: 2.0 pence).

Latest news about Joules Group

South Africa's Foschini Group aggrieved at failed Joules bid	22-12-15	AN
TIM Group Holdings acquired Garden Trading Company Limited from Joules Group Plc.	22-12-14	CI
TOP NEWS: Next rescues Joules by taking majority stake, keeping staff	22-12-01	AN
UK Retailer Next To Acquire 74% of Joules Group in 34 Million-Pound-Sterling Deal	22-12-01	MT
UK's Next to buy Joules with founder of collapsed retailer for about $41 million	22-12-01	RE
UK Retailer Next Wins Bidding War To Acquire Joules	22-12-01	MT
NEXT plc and Tom Joule acquired Assets of Joules Group Plc from Joules Group Plc for £34 million.	22-11-30	CI
Phase Eight owner TFG open to participate in UK retail consolidation	22-11-30	RE
Joules Administrator Close To Securing Rescue Deal With Foschini	22-11-30	MT
Joules Group Confirms CFO Departure	22-11-25	MT
Joules announces resignation of CFO York as it prepares to be wound up	22-11-25	AN
UK retailer Joules Group's finance chief York leaves	22-11-25	RE
SA's Foschini considers rescue offer for UK retailer Joules	22-11-21	AN
UK Retailer Joules Group Explores Takeover Deal With South Africa's Foschini Group	22-11-21	MT
TRADING UPDATES: Joules nomad resigns; Pharma C loss narrows	22-11-18	AN
TFG Reportedly Weighs Bid for British Retailer Joules	22-11-18	CI
Joules shares to be cancelled after Interpath named as administrators	22-11-16	AN
British clothing company Joules appoints administrators	22-11-16	RE
LONDON MARKET MIDDAY: UK-focused FTSE 250 slips before autumn budget	22-11-14	AN
Retailer Joules to call in administrators as financing talks fail	22-11-14	AN
Informa Gains After Raising Revenue, Profit Guidance	22-11-14	DJ
Strong UK Inflation Data This Week Could Drive Up Gilt Yields	22-11-14	DJ
Joules Group to Appoint Administrators After Financing Talks Fail	22-11-14	MT
Joules Group Provides an Update on Financing Process	22-11-14	CI
Analysis-Heavily discounted UK Plc may have further to fall	22-11-09	RE

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Company Profile

Joules Group plc is a United Kingdom-based lifestyle company. The Company operates through three segments: Retail, Wholesale, and Other. The Retail segment includes sales and costs relevant to owned stores, e-commerce, shows, third-party concessions and franchises. The Wholesale segment includes sales and costs relevant to the sale of products to other retail businesses or distributors for onward sale to their customer. The Other segment includes income from licensing and the Friends of Joules digital marketplace. The Company designs and sells Joules-branded clothing, footwear and accessories for women, men and children, as well as collections of homeware, toiletries, lifestyle and pet product ranges that are designed and developed through selected licensing partnerships. The Company has approximately 135 stores, and four concessions and three franchise stores. It operates in the United Kingdom, the United States, Germany and Europe, and the rest of the world.

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