Joules Set to File for Insolvency After Rescue Attempts Fail.

Joules was working on turnaround efforts with Interpathincluding a company voluntary arrangement, a form of UKinsolvency proceeding that can permit retailers torenegotiate rents and close stores to lower costs. (Bloomberg) -- Joules Group Plc is set to file forinsolvency after the British retailer failed to securebridge financing or raise equity, putting around 1,600jobs at risk. [Extracted from the article]